On August 1st, trade.xyz completed the compensation distribution for the abnormal pricing event of the Hynix contract on July 27th, and users do not need to take any additional actions. The compensation is calculated based on a reference price of 1115.5 US dollars. For amounts below 10000 USDC, the full amount will be credited to the account. For amounts exceeding 9999 USDC, please contact support before August 15th to complete due diligence. On July 28th at 07:01 (UTC+8), the marked price of SK Hynix token plummeted from $1127.9 to $917.25, triggering the forced liquidation of a large number of long positions.
