trade.xyz: Compensation for Hynix Contracts Abnormal Liquidation Event Partially Distributed
TechFlow news, August 1, trade.xyz announced that it has completed the distribution of partial compensation for the Hynix contract pricing anomaly incident on July 27. Eligible users will receive the corresponding USDC without additional action.
The official team stated that this compensation is calculated based on a reference price of $1,115.5 per share. Users with compensation amounts below 10,000 USDC will receive the full amount at once; users exceeding 10,000 USDC will first receive 9,999 USDC, and the remaining portion will be distributed after contacting the official support team to complete due diligence before August 15.
On July 27 at 23:01 (UTC), the mark price of the SK Hynix token on the trade.xyz platform plummeted from $1,127.9 to $917.25, resulting in the forced liquidation of a large number of long positions.
