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

Odaily Planet Daily News: trade.xyz officially posted on Platform X, stating that compensation for the SKHYNIX pricing event on July 27 has been distributed. Each eligible liquidation was measured at a reference price of $1,115.5. 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 made. Enhanced due diligence is required for amounts exceeding 10,000 USDC. Please contact the official support channel via app[.]trade[.]xyz/support and complete this process before August 15.

Previously reported, trade.xyz officially stated it would fully compensate for losses from liquidations caused by the SKHYNIX price anomaly.