The information provided on EL7.AI is for educational and informational purposes only and does not constitute financial advice.
The information provided on EL7.AI is for educational and informational purposes only and does not constitute financial advice.
In a move highlighting the risks of oracle dependency in decentralized markets, Ventuals has moved to compensate traders following a technical failure in SpaceX contracts. According to reports, SPACEX-USDH perpetual contracts plunged 45% on the Hyperliquid platform due to faulty data from the Notice.co oracle, triggering liquidations for 405 users with total losses reaching $1.51 million. The glitch stemmed from the oracle mishandling a 5-for-1 stock split for SpaceX, which fed an artificial price drop into the trading engine.
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Sign InThis incident occurs amid heightened scrutiny of Pre-IPO perpetual markets, where the accuracy of oracles bridging traditional equity events to DeFi is critical. The $1.51 million loss is significant for a localized market like Ventuals, particularly as the crash was not driven by market sentiment but by a failure to adjust for corporate actions. Per market data, such technical failures often lead to temporary capital outflows as traders reassess the reliability of single-source price feeds in decentralized environments.
Traders should monitor Hyperliquid’s stability as compensation is processed, noting that specific instrument prices were unavailable at the close of May 29, 2026. Key upcoming catalysts include the Fed Waller speech scheduled for later today, which may impact broader crypto market risk appetite. Liquidity levels in Pre-IPO instruments remain a vital metric to watch to prevent further flash-crash scenarios caused by technical discrepancies.