Odaily Planet Daily News Gate held an English AMA live broadcast on the official X, responding positively to the recent abnormal price of LAUSDT perpetual contracts. Gate Chief Business Officer Kevin Lee publicly explained the incident, the emergency response process and the compensation decision, and answered user questions on the spot.
Kevin said that Gate had quickly activated the risk control mechanism after the incident, and immediately offlined the contract, settled the order and issued an announcement simultaneously to ensure that the information was open and transparent and minimize user losses. He emphasized that the platform did not have any internal manipulation behavior, and announced a detailed compensation plan: retain user profits, do not roll back orders, and the platform will bear the full amount of the position, with a total amount of more than 30 million USDT.
The entire AMA lasted nearly an hour, and users asked questions actively during the live broadcast, covering key issues such as platform responsibility, system stability and compensation details. Kevin promised that Gate will continue to strengthen the technical system and strengthen communication with the community. "We always stand with users and the community and will jointly promote the platform forward."