EdgeX to offer up to 100,000 USDC in compensation for EDGE crash

Decentralized derivatives exchange EdgeX (EDGE) has announced it will compensate users affected by the sharp decline in its native token's price on June 2. The plan covers users who incurred actual losses from forced liquidations of long positions or sell-offs on edgeX Perp V1 and V2 between 8:50 p.m. and 10:00 p.m. UTC on June 1. Compensation is limited to realized losses within this period and excludes trading fees, funding fees, and unrealized profits. The maximum payout is capped at 100,000 USDC per person.