Trade xyz Starts User Compensation After SK hynix Contract Liquidation Event

Crypto derivatives venue Trade xyz has begun a compensation process for users hit by liquidation losses after a sharp price dislocation in its SK hynix contract, underscoring how sudden mark-price swings can cascade into forced sell-offs even when broader market conditions appear stable.

According to a report circulated by Wu Blockchain, Trade xyz said it is calculating eligible liquidation losses that occurred above a reference price of $1,115.50 on July 27 (UTC). The platform is assessing impacted accounts individually and has already started distributing funds based on claim size.

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