Let's take a look at the accounts on Hyperliquid that were hacked and taken away this morning, the last one you never expected At 7 o'clock Beijing time, South Korean NXT just opened in front of the market, and xyz: SKHX quickly fell from $1128.2 to $927, dropping nearly 18% in one minute, triggering a catastrophic series of strong draws South Korea's pre market liquidity is too thin, and abnormally low prices are transmitted through the oracle to Hyperliquid's marked prices, causing SKHX's multiple orders to start a chain liquidation. After 4 hours of insertion, the liquidation amount was about $79398000, and the front row was mostly bullish I checked the official clearing transactions and selected a few representative addresses The first and also one of the ordinary accounts with the largest liquidation amount in this round: 0x2ba553d9f990a3b66b03b2dc0d030dfc1c061036 It originally held 6418.096 SKHX multiple orders, which were forcefully flattened three times during insertion The first paragraph sold 1283.619 copies in the range of $932.75 to $954.98; In the second paragraph, 351.758 portions were cut at $925; The remaining 4782.719 have no chance to handle themselves and have been directly taken over by the backup liquidator A total of approximately $6166500 was liquidated, resulting in a loss of approximately $1.3688 million The second address is more interesting: 0xef8fe88fc2b168090238779adf0ac64fd85cf874 This account noticed that the price was incorrect and proactively reduced its position by approximately $91000 at the market price. Want to run? There's no door! The remaining position of approximately $374.18 million was subsequently taken over by the system, with a total liquidation of approximately $465.18 million and a loss of approximately $131.33 million When the market really crashes, there may be only a few seconds between actively reducing positions and being forced to level The third address did not have the highest liquidation amount, but suffered the most losses: 0x32008fcb6bbd16532afc83ca8b6c920dde22c407 It has encountered multiple periods of strong consolidation, with a total settlement of 4230.211 SKHXs, with a nominal amount of approximately $395.71 million and a loss of approximately $204.59 million The position is smaller than the first two, but the loss is actually the largest. Most likely, the entry cost is higher and there is less space left for margin deposits The most outrageous thing is the account behind it Hyperliquid's backup clearing account: 0x40000000000 This address was originally meant to clean up the mess It took over SKHX multiple orders from over 400 accounts during the insertion period, with approximately 27100 positions accessed. Calculated at the price at the time of takeover, the nominal value is approximately $262.6 million But SKHX didn't rebound immediately, instead it continued to smash downwards So this backup account, which was originally responsible for taking on user risks, was also reverse cleared. According to official transaction statistics, the liquidated amount reached an astonishing $254.2 million, resulting in a loss of nearly $1 million That is to say, this needle first breaks through the long positions, then throws the long positions to the backup clearing machine, and finally takes the backup clearing machine with it Throughout the process, SKHX's open interest contracts decreased from 410700 to 353600, a decrease of approximately 14%; The nominal position value decreased from approximately $508 million to $388 million, and the 4-hour transaction volume surged to $901 million It seems like there is a surge in trading volume, but a large part of it is not someone suddenly bullish or bearish, but rather positions that are forced to change hands This is also the cruelest aspect of on chain contracts An abnormally low price before the Korean market was transmitted to the oracle and then entered the marked price. Wait for the person holding the position to react, the account has already been forcibly liquidated Source: AiCoin Hyperliquid Official Clearing Transaction Data Welcome to join AiCoin's smart money on the chain, with real-time release of giant whale warnings: Telegram link: https://t.me/AiCoinWhaleData DC link: https://discord.gg/5XSXjXSpz Hyperliquid SK, Hynix SKHX, Bursting Stock, On Chain Data, Smart Money, AiCoin