TradeXYZ, a decentralized trading protocol on Hyperliquid, has begun reimbursing victims of the July 27, 2026 flash crash caused by an oracle pricing mishap and South Korean market volatility. Actual losses are estimated at $17.4 million affecting over 900 accounts. Claims below $10,000 have been repaid at $1,115 per SKHYNIX, while amounts exceeding this threshold received an initial 9,999 USDC credit, with final settlement due by August 15. HIP-3 now accounts for 65% of total DEX volume, with over 95% routed through TradeXYZ, whose growing dominance is increasingly viewed as a structural risk for the ecosystem.
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