Decentralized derivatives platform Ventuals said it will compensate users within 48 hours after its pre-IPO SpaceX perpetual contract on Hyperliquid plunged 45% within a 30-minute window on Thursday afternoon, triggering liquidations across hundreds of accounts.
Specifically, SPACEX-USDH fell from $2,277 to $1,254 before partially recovering to around $2,174. While it remains unclear from…