With a closer look, I can see that the strain relief's diameter is smaller than the cables, which creates an awkward stress situation in the cable that make it bend into a football (american, that is) shape. The cable seems to be of a very dry rubber material, and because of the strain cracked at that point. The strain relief itself is fine, just some molding marks.
What I'm worried about is the fact that, in that specific location, that that tear or crack could spread farther down the cable. The humidity where I live is something else, so it could accelerate the oxidization of the copper cables I think. It also just sort of makes me uneasy.
I haven't got a response from Hifiman yet, though.
On another note- anyone know what that kind of coax connector is called? I've worked with coax before, and never seen this one. I scowered the internet only to find that there are a TON of connectors for just coax.