Hyperliquid Community Addresses SK Hynix Perp Anomaly: Deployed by XYZ and Under Investigation

Hyperliquid’s xyz:SKHYNIX perpetual contract briefly fell 17.9% after an anomalous pre-market trade in South Korea’s NXT market priced one SK Hynix share at KRW 1.272 million, triggering a roughly 30% move and a trading halt in the underlying market. The Hyperliquid contract followed the move through its oracle, while Binance prices also declined amid cross-market arbitrage before later recovering.

A Hyperliquid team member said the contract was deployed and operated by third-party team XYZ, which is investigating the incident. Under HIP-3, independent deployers are responsible for key mark-price, oracle and external price inputs for their markets.

Hyperliquid Community Addresses SK Hynix Perp Anomaly: Deployed by XYZ and Under Investigation

Hyperliquid’s xyz:SKHYNIX perpetual contract briefly fell 17.9% after an anomalous pre-market trade in South Korea’s NXT market priced one SK Hynix share at KRW 1.272 million, triggering a roughly 30% move and a trading halt in the underlying market. The Hyperliquid contract followed the move through its oracle, while Binance prices also declined amid cross-market arbitrage before later recovering.

A Hyperliquid team member said the contract was deployed and operated by third-party team XYZ, which is investigating the incident. Under HIP-3, independent deployers are responsible for key mark-price, oracle and external price inputs for their markets.

Source:https://twitter.com/wublockchain/status/2082032528354058532