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Explained: How Korea’s SK Hynix triggered massive $17.4 million in crypto losses?
A rogue pre-market trade in SK Hynix shares in Seoul triggered a 20% flash drop in crypto perpetual contracts on Hyperliquid. The oracle price anomaly wiped out nearly $60 million in long positions, resulting in $17.4 million in realised losses for over 900 crypto traders.
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coindesk.com
SK Hynix perps suffer flash crash to $900 on Hyperliquid
Perpetual futures on the South Korean chipmaker's American depositary receipts plunged 20% in one minute before quickly rebounding above $1,000.
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economictimes.indiatimes.com
Explained: How Korea’s SK Hynix triggered massive $17.4 million in crypto losses?
A rogue pre-market trade in SK Hynix shares in Seoul triggered a 20% flash drop in crypto perpetual contracts on Hyperliquid. The oracle price anomaly wiped out nearly $60 million…
