Jun 8
edgeX pays half of June 2 losses now, delays rest until April 2027
edgeX has paid 50% of approved June 2 claims in USDC, with the remaining half due in EDGE tokens in April 2027 and claims closing on June 9.
➤ edgeX is distributing 50% of compensation for June 2 losses in USDC, with the remaining 50% to be paid in EDGE tokens in April 2027. ➤ The compensation covers realized losses from specific liquidations, with a cap of 100,000 USDC equivalent per user. ➤ Blockchain investigator ZachXBT has questioned edgeX's explanation of the crash, citing concerns about insider control of token supply and market makers.