trade.xyz: HOracle Contract Abnormal Liquidation Event Compensation Partially Distributed

BlockBeats News, August 1st, trade.xyz announced that it has completed a partial distribution of compensation for the July 27th Toshiba Oracle pricing anomaly incident. Users will receive the corresponding USDC without any additional steps required. The compensation is calculated based on a reference price of $1115.5. Users who are owed less than 10,000 USDC will receive the full amount, while those owed more will receive an initial payment of 9,999 USDC and are required to contact support to complete due diligence by August 15th.

On July 27th at 23:01 UTC, the SK Toshiba token's price on trade.xyz plummeted from $1,127.9 to $917.25, triggering a large number of long positions to be liquidated.