Hyperliquid founder Jeff has accused some centralized exchanges of drastically underreporting liquidation events, creating a false picture of market activity. He claimed that even when thousands of liquidations happen in just one second, exchanges may show only a single event publicly. According to him, this practice can lead to actual figures being understated by as much as 100 times. Jeff warned that such data manipulation misleads traders and analysts, masking the real scale of market volatility and risk.
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