SK Hynix Perp on Hyperliquid Liquidates $57.4M After Seoul Oracle Anomaly on July 27

SK Hynix-14.64%
SKHY-15.25%
HYPE-8.91%
According to BeInCrypto, SK Hynix perpetual contract on Hyperliquid fell 17.9% on Tuesday (July 27), liquidating $57.4 million in long positions across 960 accounts. The crash was triggered by an abnormal pre-market order on NXT, a South Korean alternative stock venue, which valued one SK Hynix share at 1,272,000 won—a 28.7% drop from its prior close. Trade.xyz, the market operator under Hyperliquid's HIP-3 framework, had the contract's oracle pull that corrupted price from the external venue.
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