trade.xyz Completes Partial Compensation for SK Hynix Contract Pricing Anomaly

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trade.xyz has finalized partial compensation for the July 27 SK Hynix contract pricing anomaly. Users with claims under 10,000 USDC received full payouts automatically. Those above the threshold received 9,999 USDC upfront and must contact support by August 15 to claim the remainder after verification. The incident occurred when the SK Hynix token price dropped from $1,127.90 to $917.25 within minutes, triggering widespread liquidations. Traders are now monitoring key support levels in altcoins amid market volatility.

Odaily Planet Daily report: On August 1, trade.xyz announced the distribution of compensation for the pricing anomaly event related to the Hynix contract on July 27; users will receive the corresponding USDC compensation automatically without any additional action required.

The announcement states that compensation amounts are calculated based on a reference price of $1,115.50; users with less than 10,000 USDC will receive the full amount, while those with more will initially receive 9,999 USDC, with the remaining compensation to be claimed after completing due diligence by contacting support before August 15.

On July 27 at 23:01 UTC, the token price of SK Hynix on trade.xyz briefly dropped from $1,127.90 to $917.25, triggering a large number of long positions to be liquidated.

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