trade.xyz completes initial compensation for SKHYNIX liquidation losses on July 27.

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trade.xyz has completed the initial compensation for losses resulting from the SKHYNIX price anomaly on July 27, based on on-chain data. Claims under $10,000 were fully reimbursed, while larger claims received an upfront payment of $9,999. Further on-chain analysis is required for amounts exceeding $10,000. Users with such claims must contact support at app.trade.xyz/support by August 15 to proceed.

Odaily Planet Daily reports that trade.xyz officially announced on X that distribution compensation for the SKHYNIX pricing event on July 27 has been issued. Each eligible settlement was measured at a reference price of $1,115.50. If the calculated amount is below $10,000 USDC, the wallet has been fully credited, and no action is required; if the amount exceeds $10,000 USDC, an initial amount of $9,999 USDC has been credited. Additional due diligence is required for amounts exceeding $10,000 USDC. Please contact official support via app.trade.xyz/support to complete this process by August 15.

Previously, trade.xyz officially stated that it would fully compensate for liquidation losses caused by the price anomaly of SKHYNIX.

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