It’s a hole in the space itself, not in something *in* space. The very “go into that direction” gets warped. If you select a set of coordinate axes and then go one mile forward, one mile left, one mile back and one mile right in normal “flat” space, you will arrive at your starting point. In warped space your coordinates are screwed and you will end up somewhere else. A hole in space is just a special case of warp.
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