The mark price fell 19% on a single pre-market trade in Korea. The company says its oracle worked exactly as designed. Trade.xyz will reimburse traders whose positions were liquidated after its SK Hynix perpetual futures contract suddenly dropped 19% on Monday, a move the exchange attributes to a single trade on a thin Korean pre-market venue. The company said its price oracle functioned as designed by relaying a real but outsized trade that sharply moved the mark price, and emphasized that the…
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