Bitget will fully compensate users affected by the BGB price fluctuations in the form of USDT and BGB airdrops

ChainCatcher message, Bitget released a statement and handling announcement regarding the abnormal price of BGB. From October 7, 10:53:00 to 10:58:59, the price of the BGB token experienced abnormal fluctuations, affecting some users' open contracts and leveraged positions.

After investigation, this anomaly was mainly caused by several large leveraged trades, triggering a continuous forced liquidation effect on staking loans, leveraged trading, and contract trading products. Considering the impact of this event on some users' positions, Bitget will fully compensate the affected users. Bitget will distribute the compensation in the form of USDT and BGB airdrops to eligible user accounts by October 10, including staking loans using BGB as collateral, leveraged positions containing BGB, and full and isolated contract positions containing BGB.