Hyperliquid Flash Crash Trashes $400M Korean Market in 2 Minutes
Open interest tanked over 20% on Hyperliquid as investigators scramble to audit price inputs submitted to HyperCore.
Advertising disclosure: we may earn a commission when you join an operator via links on this page, at no cost to you. This never dictates our ratings. How we make money
Key takeaways
- A 2-minute flash crash hit a $400 million South Korean market on Hyperliquid.
- Open interest dropped 20.29% following the sudden market movement.
- Trade.xyz is actively investigating price inputs submitted to HyperCore.
It took just two minutes for a brutal flash crash to tear through Hyperliquid, hammering a $400 million South Korean market and torching positions in seconds.
Oracle inputs under fire
Open interest took a massive beating during the mayhem, dropping 20.29% in a snapshot taken right after the crash. Traders on the decentralized perpetual exchange were left holding the bag as prices dislocated fast.
The root cause remains under active scrutiny. Trade.xyz stepped in to audit the exact price inputs sent to HyperCore, hunting for the anomalies that triggered this sudden cascade.
Why it matters
Decentralized trading platforms live and die by their price feeds. When oracle data or price inputs glitch, automated liquidation engines don't pause to ask questions. They execute. If you're trading leverage or betting on on-chain markets, remember this: bad data will wipe out your account faster than a bad trade ever could.
Source: CryptoSlate
Top Crypto Casinos Right Now
🇺🇸 Showing sites that accept players from United States Change country
Advertising disclosure: we may earn a commission when you join an operator via links on this page, at no cost to you. This never dictates our ratings. How we make money
More info Less info
Why we chose it: A US-facing book that pays a premium for crypto deposits: 125% against 100% for cash, with fee-free deposits across five coins.
- KYC
- Required
Restricted countries: Australia, Afghanistan, Bulgaria, Central African Republic, Congo - Brazzaville, Eritrea, France, Guinea-Bissau and 16 more.
More info Less info
Why we chose it: BetNow's casino floor with the biggest match bonus we list. The 200% headline deserves a careful read of the code terms behind it.
- KYC
- Required
Restricted countries: Australia, Afghanistan, Bulgaria, Central African Republic, Congo - Brazzaville, Eritrea, France, Guinea-Bissau and 16 more.
More info Less info
Why we chose it: A US-oriented casino that turns away only New Jersey. The cashier takes crypto, but the site publishes fewer specifics than any operator we list.
- KYC
- Required
Restricted countries: New Jersey (US).
Sofia Marek
Sofia reviews exchanges and crypto casinos, focused on fees, safety and what actually reaches the player.
Related News
OpenAI President Urges AI-Driven Defense After Hugging Face Hack
IREN Delivers First AI Cloud Batch to Microsoft Under $9.7B Deal
Pump.fun Token Jumps 8% as Daily Chart Flashes a Golden Cross
