Decentralized exchange hyperlicid has reimbursed $ 2 million to a brief outage -affected users last week, a motor that can affect confidence in placing decentralized trading plating platings.
Application Programming Interface (API) of the hyperlicid platform faced an outage last Tuesday, which saw the traders sidelined the order execution for about 37 minutes before the traders resumed, show its website.
On Monday, Hyperlicid released a total refund of $ 1.99 million to the affected users at the USDC (USDC), onchain data from the Higrakan show.
The rapid response of hyperlicid and $ 2 million repayment after half an hour was praised by users.
In the Monday X post, Hyperlicid Trader Aalex said, “It is already sent to users more than $ 1.5m (it can confirm).” “Incredible things they have no legal obligation, there is no contract or slat to do so,” he said.
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Despite the recent failures, decentralized exchanges (DEX) become more competitive with centralized platforms to deal with the condition of hyperlicid. In March, the platform exploited $ 6.26 million, which included jelly (jelly) memecoin, which was due to vulnerability in its vibrant parameters.
Hyperlicid has increased to create a seventh-big derivative exchange in the world, with $ 10.6 billion 24-horses open, from 12th place before April, coingco data show.
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Hyperlicid outage due to traffic spike, not exploitation
While the outage gave rise to initial concerns over a potental hack or exploitation, Hyperlicid stated that the issue is high in total open interest on 23 July.
In a Telegram Anonodyment of Monday, hyperlicid “14: 10–14: 47 UTC period on July 29, ordered the API servants delayed in experiencing a significant spike in traffic.
The announcement stated, “The API returned the error reactions despite being sent to Mempool and later joining the blocks,” saying that it was reported to the affected traders based on three categories.
However, users who owe more than $ 10,000 need to meet your customer (KYC) verification for full refunds. These users have already received $ 9,999 of their refund, but by August the verification process will be required to comment. 18 to receive the remaining amount.
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