trade.xyz has completed compensation for abnormal liquidation losses under 10,000 USD from the July 27 SKHYNIX incident, with initial compensation of 9,999 USD for losses exceeding 10,000 USD, and subsequent compensation to be completed after verification

Odaily News: trade.xyz officially posted on X platform that the compensation for the SKHYNIX pricing activity on July 27 has been distributed. Each eligible liquidation was measured against the reference price of 1,115.5 USD. If the calculated amount is below 10,000 USDC, the wallet has been fully credited and no action is required; if the amount exceeds 10,000 USDC, an initial payment of 9,999 USDC has been credited. We need to conduct enhanced due diligence for amounts exceeding 10,000 USDC. Please contact the official team through the support channel at app[.]trade[.]xyz/support and complete this process before August 15.

According to previous reports, trade.xyz officially stated that it would fully compensate for liquidation losses caused by the SKHYNIX price anomaly.