trade.xyz: SK Hynix compensation for abnormal contract liquidation incident partially distributed
2026.08.01 08:39:26
trade.xyz announced it has completed the compensation distribution for the July 27 SK Hynix contract pricing anomaly, with users receiving their corresponding USDC without any additional action. Compensation is calculated at a reference price of $1,115.5: amounts under 10,000 USDC will be disbursed in full, while amounts exceeding that threshold will first receive 9,999 USDC, requiring users to contact support to complete due diligence by August 15. At 23:01 UTC on July 27, the marked price of SK Hynix tokens plummeted from $1,127.9 to $917.25, triggering mass liquidations of long positions.
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