trade.xyz Completes USDC Compensation Distribution After July 27 Hynix Pricing Error

trade.xyz said on August 1 that it has completed compensation distributions for the July 27 contract pricing anomaly involving Hynix. According to Odaily, users do not need to take any additional action to receive the USDC compensation.The announcement said compensation was calculated using a reference price of $1,115.50. Users eligible for less than 10,000 USDC will receive the full amount, while larger claims will first receive 9,999 USDC. They must contact support by August 15 to complete due diligence before collecting the remaining compensation.At 23:01 UTC on July 27, the mark price of the SK Hynix token on trade.xyz briefly fell from $1,127.90 to $917.25, triggering forced liquidations of many long positions.