PANews, August 1: trade.xyz announced on Twitter that it has completed partial compensation for the SK Hynix price anomaly event. Each eligible liquidation was assessed based on a reference price of $1,115.50. For liquidations under 10,000 USDC, the full amount has been credited to the wallet with no action required. For liquidations exceeding 10,000 USDC, 9,999 USDC has been pre-disbursed; the remaining amount requires additional due diligence.
trade.xyz completes partial compensation for the SK Hynix contract abnormal liquidation event.
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Summary
trade.xyz has finalized partial compensation for the SK Hynix contract abnormal liquidation event. Claims under $10,000 in USDC were automatically credited. Larger claims received $9,999 upfront, with the remainder pending review. The incident has reignited interest in altcoins to watch amid shifting crypto price dynamics. Remaining payouts are subject to ongoing verification.
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