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

CryptoInfo Editorial Team · Published on July 29, 2026 at 05:29 · Updated on July 29, 2026 · 1 min read

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Key Takeaways

→Trade.xyz will reimburse eligible traders affected by the SK Hynix price anomaly
→The price anomaly caused the contract's mark price to fall nearly 19%
→Trade.xyz's oracle worked as designed during the incident

Disclaimer: This content is provided for informational purposes only and does not constitute financial or investment advice.

Trade.xyz has announced that it will cover losses resulting from the liquidation of SK Hynix perpetual contracts, as reported by CoinTelegraph. The liquidations were triggered by an external price print that caused the contract's mark price to fall nearly 19%.

According to Trade.xyz, its oracle functioned as designed during the incident. However, the company has decided to reimburse eligible traders who were affected by the price anomaly.

The decision to cover losses is a response to the unusual price movement, which was caused by an external factor. Trade.xyz's move aims to protect its users from unforeseen events that may impact their trading activities.

Source: CoinTelegraph ↗