trade.xyz's SKHYNIX Marking Price Crashes 18.6% on July 27, Platform Agrees to Compensate Liquidated Users

SKHYNIX-3.22%
According to a statement from trade.xyz on X platform, SKHYNIX marking price plummeted from $1,127.90 to $917.25 on July 27 at 23:01 UTC, based on an executed transaction relayed by multiple independent data providers. The XYZ oracle operated as designed, tracking the platform as South Korea's primary pre-market trading venue. Despite the system functioning as specified, trade.xyz acknowledged user dissatisfaction with resulting liquidations and decided to compensate losses attributed to the price anomaly. Eligibility criteria will be announced shortly, with distribution expected within days. The platform stated this is a one-time discretionary decision with no guarantee of similar future actions.
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