Trade.xyz to cover SK Hynix perp liquidation losses tied to price anomaly
CoinTelegraph·
60-second summary
Trade.xyz is reimbursing eligible traders after an external SK Hynix price print caused the contract's mark price to fall nearly 19%, triggering losses tied to a price anomaly. The oracle worked as designed, but the unexpected price print resulted in significant losses, highlighting the risks associated with decentralized finance and the importance of robust price feeds in derivatives markets.
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%.