Trade.xyz will cover eligible liquidation losses after an external SK Hynix price print sent its Hyperliquid perpetual contract sharply lower.

Perpetual futures on the South Korean chipmaker's American depositary receipts plunged 20% in one minute before quickly rebounding above $1,000.

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…