Hyperliquid CEO Jeff Yan and data platform CoinGlass have raised concerns about the accuracy of liquidation reporting by centralized crypto exchanges, specifically pointing out Binance. According to Yan, there is a possibility that Binance’s method of reporting might undercount the actual liquidations taking place.

This revelation could impact traders' trust in the data provided, highlighting the need for transparency and accuracy in exchange reporting practices. As these exchanges play a crucial role in the crypto ecosystem, ensuring reliability is essential for maintaining market confidence.