TechFlame reports that two months have passed since the cryptocurrency market crash on October 10, during which $19 billion in positions were liquidated. Tarun Chitra, CEO of Gauntlet, pointed out that the common Automatic Deleveraging (ADL) mechanism led to massive losses on Hyperliquid. In a lengthy post, Chitra stated that over $650 million was automatically deleveraged from profitable traders' positions. He noted that this amount is 28 times the potential bad debt faced by the relevant exchange. This "slaughter of the innocent," as described, could have been avoided with new ADL algorithms, which have been detailed in a 95-page report. Chitra defines Automatic Deleveraging (ADL) as an "ultimate backstop mechanism"—a process that offsets bad debts from insolvent positions by "cutting the value of positions" held by profitable traders. This decade-old "queue algorithm" is currently widely adopted by perpetual futures platforms such as Binance, Hyperliquid, and Lighter.