BUSINESSBLOOMBERG
One SK Hynix Stock Trade Blew Up $60 Million in Crypto Bets
A sudden drop in shares of a Korean chip manufacturer led to a $60 million loss in crypto bets. The incident highlighted risks in crypto investments tied to stock market movements.
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Adjacent reporting
- Traders braced for won volatility after blockbuster SK Hynix listing
- Samsung Electronics, SK Hynix shares tumble over 7% as chip rout spreads from Wall Street
- SK Hynix’s $470 Billion Selloff Shows Cracks in Memory-Chip Boom
- 'Give me my money back': South Korean traders' leveraged SK Hynix, Samsung bets unravel after selloff
- Leveraged Chip Bets Backfire in Korea as Biggest ETF Falls 45%