Trade.xyz to cover SK Hynix perp liquidation losses tied to price anomaly
Summary
Trade.xyz said it will reimburse eligible users for liquidation losses caused by a price anomaly in its SK Hynix perpetual contract on Hyperliquid. The contract’s mark price dropped from $1,127.90 to $917.25 after an executed trade from an external market was relayed by data providers and fed into the oracle. Trade.xyz said its oracle followed its design and tracked the South Korean pre-market venue it uses as a reference, but it will review how prices are formed during extreme moves. Eligibility details and payout size have not been announced. The SK Hynix market is one of Hyperliquid’s busiest, with over $1.5 billion in 24-hour volume and nearly $600 million in open interest.
