Trade.xyz Reimburses SK Hynix Liquidation Losses and Accelerates Oracle Reform

Trade.xyz covers all losses from SK Hynix price anomaly liquidations, citing market integrity. The platform accelerates oracle reforms to prioritize internal order book data over external sources.

Woofun AI reports that Trade.xyz issued a statement regarding the July 27 incident involving the SK Hynix token, where prices dropped from $1,127.9 to $917.25, triggering mass long liquidations. The platform confirmed the price movement stemmed from actual trading on a major South Korean pre-market, with the oracle system functioning as designed by syncing external exchange data.

Despite technical compliance, Trade.xyz acknowledged user dissatisfaction and committed to fully reimbursing all liquidation losses in a one-time discretionary manner. Eligibility details will be announced shortly, with compensation expected within days. The platform clarified this action does not guarantee future support.

Structurally, Trade.xyz will expedite a review of its pricing mechanism, shifting weight toward its internal order book, which now offers superior depth and signal strength compared to external sources.