Hyperliquid: SPACEX contract collapses after oracle error

The SPACEX-USDH perpetual contract on Hyperliquid platform collapsed sharply following a failure in the oracle system that provides price data.

Published 16sem1 sourceNotableupdated 2sem

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The fact

The incident resulted in massive losses for traders holding positions on this cryptocurrency derivative.

The platform had to intervene to minimize damage and restore user confidence.

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Auto-synthesis from 1 media source · identified on May 29, 2026

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