News linked to both this project and an event.
trade.xyz stated that compensation for the July 27 Hynix contract pricing anomaly incident has been partially distributed, and users can receive USDC without additional action. Compensation exceeding 10,000 USDC will be distributed after due diligence is completed before August 15.
Odaily News, August 1: trade.xyz has announced the completion of compensation distribution for the Hynix contract pricing anomaly event that occurred on July 27. Users will receive their corresponding USDC compensation without any additional action required.According to the announcement, compensation amounts are calculated based on a reference price of $1,115.5. Users with compensation under 10,000 USDC will receive the full amount directly; for amounts exceeding that threshold, an initial distribution of 9,999 USDC will be issued, and users must contact support to complete due diligence before August 15 to claim the remaining balance.At 23:01 UTC on July 27, the marked price of the SK Hynix token on trade.xyz briefly dropped from $1,127.9 to $917.25, triggering forced liquidations across numerous long positions.