edgeX go pay half di losses from di EDGE crash for June 2 for USDC, di res na im go pay for April 2027
edgeX talk say dem don start pay back users wey suffer for EDGE crash wey happen June 2. The exchange don pay the first part: approved traders fit claim 50% of verified, realized losses for USDC through their rewards page.
Who fit collect include those wey get edgeX Perp V1 and V2 liquidations or stop-loss triggers between 04:50–06:00 (UTC+8) and who open Discord ticket plus confirm say loss don happen. Trading fees, funding fees and unrealized gains no enter. The maximum na equivalent of 100,000 USDC total across both tranches.
The remaining 50% go pay in EDGE during the first week of April 2027. edgeX go convert using EDGE seven-day average price at distribution. The delayed tokens come from the Ecosystem and Community Allocation, wey go remain locked after the token generation event and go start vesting on March 31, 2027.
Claim deadline na June 9, 14:00 (UTC+8), dem even give one final 24-hour grace period.
edgeX before blame the sell-off on crowded EDGE long positioning and sell orders wey hit one thin PancakeSwap pool, plus heavy sell volume on Binance, OKX and Bybit during 05:00–06:00 (UTC+8). ZachXBT challenge edgeX explanation, say e fit be insider control risk because float low; edgeX deny say dem sell token allocations and dem offer 200,000 USDC bounty to find wallets behind the initial selloff.
Neutral
edgeX USDC payout dey reduce short-term worry for traders wey deffected, but di delayed EDGE part (wey dem price based on future seven-day average) and di ongoing fight about di crash mechanism dey add headline risk rather than clear catalyst for EDGE spot demand. Overall, na more about settlement and process than any fundamental shift for EDGE valuation, so di likely impact on EDGE price na neutral.