Trade.xyz will reimburse users who suffered liquidation losses tied to a price anomaly in the SK Hynix perpetual contract at 23:01 UTC on July 27. The anomaly caused the token’s mark price to drop 18.7% from $1,127.90 to $917.25, triggering the forced closure of leveraged long positions.

An isolated trade on the NXT pre‑market session showed a SK Hynix share priced at 1.272 million won, 29.96% below the prior close, and briefly hit the daily price limit before orders restored the price to the 1.7 million‑won range within minutes. The regular Seoul session closed with SK Hynix at 1.55 million won, a 14.65% decline.

Trade.xyz said the reimbursement is a discretionary, one‑time decision and has not disclosed the total amount, eligibility formula, or exact distribution date. The company will issue eligibility criteria soon, and payments are expected in the coming days.

The platform noted that its oracle followed its published specifications and that multiple independent data providers relayed the executed NXT trade, indicating the price originated from an external venue rather than a blockchain failure. Trade.xyz is accelerating a review of external price inputs and plans to give greater weight to its own order‑book liquidity and market signals.

On‑chain tracker Lookonchain estimated that more than $80 million in SKHX positions were liquidated, but Trade.xyz has not confirmed the figure or its liability. One affected trader, 0xc985, saw a $260 k loss after a $2.08 million long position was fully liquidated.

Trade.xyz also plans to implement stronger tail‑event pricing controls, including a two‑minute call auction safeguard for NXT slated for September, as part of broader efforts to improve price formation resilience.