Ventuals Response to SPACEX-USDH Flash Crash Event: Oracle Incorrect Data Leads to Abnormal Liquidation, Will Compensate Users

BlockBeats News, May 29th, in response to the "Hyperliquid's SpaceX Pre-market Contract Flash Crash of 45%" incident, Ventuals officials stated that the accident was caused by erroneous data returned by the off-chain data provider used by the oracle component, leading to a sharp fluctuation between the market oracle price and the reference price, triggering the forced liquidation of some user positions.

The officials stated that emergency measures have been taken to prevent similar issues from arising again in all Pre-IPO markets and are assessing the impact of the incident on users. Ventuals subsequently provided further updates, stating that affected users will be compensated within the next 48 hours.