Trader Walks Away With $2.2 Million After SK Hynix Perp Crash
A trader realized a $2.2 million gain during this week's SK Hynix liquidation incident on Hyperliquid.
Trade.xyz, the team that operates the market, will now cover losses tied to the same event. It maintains that the oracle systems performed as specified.
Trader Banks $2.2 Million While 960 Accounts Get Liquidated
According to Arkham, the trader, Stately, realized approximately $2.2 million in profit after part of his short position in SK Hynix was automatically reduced during an auto-deleveraging (ADL) event during a liquidation cascade.
The trader remains short SK Hynix with an open position worth $13.36 million, which now shows an additional $2.1 million in unrealized gains.
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