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Hyperliquid's SKHX Flash Crash Triggers Massive Liquidations Hyperliquid's $SKHX plunged 17.9% in a sudden flash crash this morning, with liquidations over the past 4 hours reportedly exceeding Binance. 😨 The move was triggered after a fat-finger trade during South Korea's NXT pre-market, where 1 share of SK Hynix was mistakenly executed at ₩1,272,000 (~$867). Thin liquidity caused the stock to briefly crash nearly 30%, triggering a trading halt. Hyperliquid's oracle quickly reflected the abnormal price, causing SKHX to plunge. Arbitrage activity then spread the move to Binance, leading to a temporary market-wide price dislocation. $SKHYNIX Prices have since returned to normal, but it remains unclear whether traders liquidated during the flash crash will receive any compensation. 👀 The incident highlights the risks of oracle-driven synthetic assets, especially during periods of low liquidity and abnormal price prints.