BITWU.ETH 🔆|7月 29, 2026 02:04
TradeXYZ has decided to compensate for yesterday's wick incident:
According to the announcement:
TradeXYZ has decided to take full responsibility for the liquidation losses caused by this anomaly and will soon announce the eligibility requirements and distribution details.
The community currently estimates the liquidation scale to be around $57M–$80M (involving approximately 960 accounts), with the largest affected address potentially receiving compensation of about $2M.
Big thumbs up for this move—being able to compensate is already no small feat.
The announcement also highlights two main points:
1️⃣ The XYZ oracle has been tracking external data sources as per specifications, and there’s no issue with XYZ itself. Moving forward, they will accelerate improvements to the pricing mechanism, reassess assumptions about external venues, and place greater emphasis on the depth and price signals of the platform's own order book.
2️⃣ This is a one-time discretionary action and may not serve as a precedent for future cases.
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