$60 Million Crypto Bet Blown Up by Rogue SK Hynix Trade

A $60 million loss in cryptocurrency bets was incurred by some traders when SK Hynix Inc. shares suddenly plummeted on July 29, 2026. The sharp decline came after a single share of the Korean chip manufacturer traded at what appears to be a rogue price during the pre-market session in Seoul. This led to a 30% drop below the previous night's closing price.

Although subsequent trades were higher and corrected the issue, they arrived too late for some traders operating outside public markets. These traders had placed bets on SK Hynix shares without access to real-time market data.

The incident highlights the risks associated with trading in alternative markets and the importance of timely and accurate information for informed decision-making.