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Trade.xyz to cover SK Hynix liquidation losses

Covered by 5 sources · 5 articles

5 outlets - including Coinotag, Cryptopotato and Cryptotimes and 2 more - are covering this story. Hyperliquid News Hyperliquid (HYPE) became the center of a risk-management story after Trade.xyz, an onchain perpetuals operator built on the exchange, said it will reimburse eligible traders whose...

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Hyperliquid (HYPE): Trade.xyz to Cover $60 Million SK Hynix Losses
CoinOtag Jul 29, 08:43 UTC

Hyperliquid (HYPE): Trade.xyz to Cover $60 Million SK Hynix Losses

Hyperliquid News Hyperliquid (HYPE) became the center of a risk-management story after Trade.xyz, an onchain perpetuals operator built on the exchange, said it will reimburse eligible traders whose...

Trade.xyz Will Cover Losses From SK Hynix Liquidation Anomaly on Hyperliquid
CryptoPotato Jul 29, 08:01 UTC

Trade.xyz Will Cover Losses From SK Hynix Liquidation Anomaly on Hyperliquid

The HIP-3 market operator said affected traders will receive compensation as it reviews how external prices enter its oracle.

The Crypto Times News Jul 29, 07:50 UTC

Trade.xyz to Cover SK Hynix Perp Losses While Insisting Its Oracle Worked

The builder behind the Hyperliquid market says a real trade on a thin Korean venue, not a malfunction, drove the crash — and that it will still pay out affected traders as a one-time gesture.

Trade.xyz to cover SK Hynix perp liquidation losses tied to price anomaly
Cointelegraph Jul 29, 05:29 UTC

Trade.xyz to cover SK Hynix perp liquidation losses tied to price anomaly

Trade.xyz said its oracle worked as designed but will reimburse eligible traders after an external SK Hynix price print caused the contract’s mark price to fall nearly 19%.

Trade.xyz to cover SK Hynix liquidation losses
Crypto.news Jul 29, 04:21 UTC

Trade.xyz to cover SK Hynix liquidation losses

Trade.xyz will cover eligible liquidation losses after one SK Hynix pre-market share pushed its mark price down 18.7%, with criteria pending.