Attention Altcoin Investors: One Exchange to Make Compensation Payment

cryptonews.ruОпубліковано о 2026-08-10Востаннє оновлено о 2026-08-10

Анотація

On August 9, 2026, cryptocurrency exchange Gate announced a special investigation into unusual price fluctuations affecting the perpetual futures contracts for $TUT, Lobster, and $BICO. The exchange stated it will fully compensate eligible users whose positions were liquidated due to these market anomalies, with payouts to be made in $USDT. Gate has initiated a special compensation procedure to protect user rights. Affected users can contact the platform through VIP managers, customer support, or other official channels. Compensation amounts, determined after review based on set criteria, will be credited directly to users' Gate Spot accounts within three business days. Following the incident, Gate announced it will strengthen its risk management infrastructure. This includes enhancing the detection of abnormal trades, increasing oversight in low-liquidity markets, dynamically adjusting risk parameters, and improving pricing and settlement mechanisms. The exchange emphasized that user protection is a top priority and committed to preventing similar future occurrences.

Cryptocurrency exchange Gate announced yesterday, August 9, 2026, the commencement of a special investigation into unusual price fluctuations for perpetual futures contracts $TUT, Lobster, and $BICO. The exchange stated that users whose assets were liquidated due to these fluctuations and who meet the specified conditions will receive full compensation in $USDT.

According to Gate's statement, the investigation concerns unusually sharp price fluctuations in the TUTUSDT, LobsterUSDT, and BICOUSDT perpetual contracts.

Gate will Fully Compensate Users for Losses in $USDT.

Gate stated that it has initiated a special compensation payout procedure to protect user rights in light of the unusual market fluctuations.

Accordingly, users who experience liquidation of the relevant contracts and who meet the compensation criteria set by the exchange will have their allowable losses fully compensated in $USDT.

The platform also announced the creation of a special communication channel for affected users. Users can contact the platform through their VIP managers, online customer service, and other official Gate channels.

Compensation Payments Will be Transferred to Settlement Accounts Within Three Business Days.

Gate.com announced that the plan to implement compensation for relevant users is scheduled within three business days.

It was stated that the compensation amounts will be directly deposited into users' Gate Spot accounts.

After reviewing applications and related account operations, the exchange will determine which users are eligible for compensation based on the established criteria.

Gate to Strengthen Risk Control Measures.

Gate also announced the adoption of new measures within its risk management infrastructure and market supervision following the incident.

The exchange stated it will focus special attention on identifying abnormal transactions, strengthening risk controls in low-liquidity markets, dynamically managing risk parameters, and improving pricing and settlement mechanisms.

Gate emphasized that user rights are one of the platform's core priorities and stated the company will continue to strengthen its risk prevention and market management capabilities to prevent the recurrence of similar incidents.

*This is not investment advice.

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Пов'язані питання

QWhich cryptocurrency exchange is launching an investigation and compensation plan related to unusual price fluctuations?

AThe cryptocurrency exchange Gate is launching a special investigation and compensation plan for users affected by unusual price fluctuations.

QWhich perpetual futures contracts were specifically mentioned as experiencing unusual and sharp price fluctuations?

AThe unusual and sharp price fluctuations specifically affected the perpetual futures contracts TUTUSDT, LobsterUSDT, and BICOUSDT.

QHow will Gate compensate the eligible users whose positions were liquidated?

AGate will fully compensate eligible users for their permissible losses in USDT (Tether).

QWithin what timeframe does Gate plan to implement the compensation payouts to user accounts?

AGate plans to implement the compensation payouts and transfer the funds to users' Gate Spot accounts within three working days.

QWhat specific actions did Gate announce it will take to strengthen its market oversight and prevent similar incidents?

AGate announced it will enhance measures to detect abnormal transactions, strengthen risk control in low-liquidity markets, dynamically manage risk parameters, and improve pricing and settlement mechanisms.

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