Crypto crash liquidations face large data gap as public records contradict $18 billion Solana claim
Compiled by KHAO Editorial — aggregated from 1 source. See llms.txt for citation guidance.
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Solana Research Institute, a Solana-aligned research group, used an Aug. 14 post to revive a July open letter by Angus Scott to the UK Financial Conduct Authority and other regulators.
Key facts
- For its full 14-hour window, however, Amberdata reported $9.89 billion, including $6.93 billion in the 40 minutes from 20:50 to 21:30 UTC
- Solana Research Institute announced the $18 billion figure, but its July 23 letter provides no common venue universe or aggregation method that reconciles it with Amberdata's $9.89 billion
- Solana Research Institute's post paired the $18 billion total with a $3.21 billion peak in one minute
- The exchange said its spot and futures matching engines and API trading remained operational, while some modules glitched after 21:18 UTC, internal transfers and Earn redemptions lagged, and local
Summary
01 Public records cannot reconcile SRI's $18B liquidation claim with Amberdata's $9.89B six-exchange total. 02 Binance's internal collateral pricing amplified forced selling, while its postmortem gives no event-specific ADL total. 03 Hyperliquid and Aave made ADL, oracle delays, liquidations and bad debt measurable—but transparency did not remove risk. The crash records point to a more specific conclusion.