trade xyz Begins Compensation for SKHYNIX Pricing Incident trade xyz said it has begun distributing compensation for the abnormal pricing i…
trade xyz Begins Compensation for SKHYNIX Pricing Incident
trade xyz said it has begun distributing compensation for the abnormal pricing incident involving the SK hynix contract (SKHYNIX) on July 27. The platform is calculating eligible liquidation losses on a case-by-case basis using $1,115.50 as the reference price.
Compensation below 10,000 USDC has been transferred in full to affected wallets without requiring any user action. For claims exceeding 10,000 USDC, trade xyz has initially distributed 9,999 USDC, while the remaining amount will be released after enhanced due diligence is completed. Affected users must contact the platform’s support team by August 15.
During the incident, the SKHYNIX mark price briefly plunged from $1,127.90 to $917.25, triggering large-scale liquidations of long positions.