Flash News
trade.xyz: partial distribution of hercules contract extraordinary settlement compensation completed
On 1 August, Trade.xyz announced that it had completed the distribution of compensation for the 27 July Hercules contract price anomaly and that the corresponding USDC would be received by the user without additional operation. The reimbursement is based on a reference value of $1115.5 and is less than the full amount of 10,000 USDCs on the books, more than the previous amount of 9999 USDCs, and will need to be contacted before 15 August to support the completion of due diligence. On 27 July, at 23:01 UTC, the price of SK Hercules tokens dropped sharply from $1,127.9 to $917.25, triggering the forced liquidation of a large number of warehouses。
