Bitget will fully compensate users affected by abnormal BGB price fluctuations

Bitget officially announced: "From 10:53:00 to 10:58:59 (UTC+8) on October 7, 2024, the price of BGB tokens fluctuated abnormally, affecting the open contracts and leveraged positions of some users. Upon investigation, the anomaly was mainly caused by several large leveraged transactions, which triggered continuous forced liquidation effects in pledge lending, leveraged trading, and contract trading products. Taking into account the impact of this incident on the positions of some users, in line with the principle of user first, Bitget will fully compensate the affected users. Eligible users are users who hold or use the following products when the anomaly occurs: Pledged lending with BGB as collateral Leveraged positions including BGB Full and position-by-position contract positions including BGB We will distribute compensation to eligible user accounts in the form of USDT and BGB airdrops before October 10, 2024."