Trade.xyz has announced full reimbursement for the Micron contract's abnormal settlement event and has expedited the pricing mechanism reform.

July 29th, Trade.xyz announced a statement regarding the Toshiba contract Oracle incident: At 23:01 UTC on July 27th, the price of the SK Toshiba token plummeted from $1,127.9 to $917.25, triggering a large number of long liquidations. This price was based on an actual trade transaction fetched by multiple independent data providers, with the external venue being a major pre-market in Korea. Their oracle system operated according to the established specifications, syncing prices from an external exchange and functioning "as designed" on a technical level. However, the platform acknowledged that it was understandable for users to be dissatisfied with the liquidations triggered by this event, emphasizing that "market integrity is a core value of Trade.xyz."

As a result, Trade.xyz has decided to cover all liquidation losses caused by this price anomaly in a one-time discretionary manner. Specific eligibility requirements will be announced soon, with the compensation expected to be completed within a few days, but it is explicitly stated that this decision "does not constitute a guarantee for similar situations in the future." On a mechanism level, the platform will expedite the review of pricing mechanisms—including reassessing the reliance on external venues and giving greater weight to its order book for price discovery (with the order book depth and signal strength significantly enhanced compared to external sources), in order to more effectively handle tail events.