edgeX has issued compensation to users affected by the June 2 incident, with a maximum payout of $100,000 per user
Odaily reports that decentralized derivatives exchange edgeX has announced the completion of goodwill compensation distributions to users affected by the June 2 incident.
This compensation is aimed at users who incurred realized losses between 4:50 and 6:00 on June 2 due to forced liquidations or stop-loss triggers on EDGE long positions on edgeX Perp V1 or V2. Each eligible user can receive up to 100,000 USDC in equivalent compensation.
The compensation is divided into two parts: 50% is distributed in USDC, which is now available for claim; the remaining 50% will be distributed in EDGE tokens during the first week of April 2027, with the specific amount calculated based on the 7-day TWAP at the time of distribution. edgeX stated that the application window remains open until 14:00 on June 9, and users who fail to complete registration by the deadline will forfeit their eligibility for compensation.
