TradeXYZ Compensates Users for SK Hynix Liquidation Anomaly

TradeXYZ pledges one-time payouts for losses from SK Hynix price crash, citing oracle accuracy but prioritizing trust amid volatility.

Woofun AI reports that TradeXYZ, a perpetual futures platform on Hyperliquid, will compensate users for liquidation losses triggered by a sharp SK Hynix price drop. The mark price fell from $1,127.9 to $917.25 at 11:01 p.m. UTC on July 27. The platform stated its oracle and liquidation engine functioned as designed, reflecting data from independent providers. Despite this, TradeXYZ announced a discretionary one-time payout for affected users, with payments expected within days. The company plans to review its reliance on external exchange prices and incorporate more in-house order book signals to handle extreme volatility better.