Trade.xyz has just fully reimbursed its users, with the market joking today that it has plummeted to the abnormal flash crash price seen yesterday.

July 29, Trade.xyz issued a statement regarding the Hynix contract injection incident: At 07:01 on July 28, the price of the SK Hynix token plummeted from $1,127.9 to $917.25, triggering a large number of long positions' abnormal forced liquidation. This price was derived from an actual transaction captured by multiple independent data providers, with the external venue being South Korea's major pre-market. Therefore, Trade.xyz has decided to cover all liquidation losses caused by this price anomaly in a one-time discretionary manner.

Today, some market observers jokingly remarked, "Trade.xyz really saved all the longs hahaha, did a refund on the injection line, and 20 hours later, the price slowly approached that injection line again."

Today, the South Korean KOSPI index fell by over 12%, and the KOSDAQ fell by over 8%. Both markets experienced their first-ever circuit breaker. Samsung Electronics and SK Hynix suffered consecutive declines for two days, with a combined market value evaporation of about 530 trillion KRW. Samsung Electronics shrank by 257 trillion KRW, and SK Hynix shrank by 273 trillion KRW. SK Hynix fell by over 17% at one point, setting a new record for the largest single-day decline in history.