Odaily Planet Daily News: Regarding the recent LAUSDT perpetual contract incident, Gate CBO Kevin Lee released a detailed response on X platform today, explaining the incident and the platform's response plan. He stated that the abnormality was caused by short-term and severe fluctuations in the market source, and the platform quickly completed measures such as trading suspension, notification announcement, and activation of emergency risk control mechanism within 15 minutes.
According to its explanation, the platform has decided to retain all profitable orders and provide 100% compensation to customers who have gone through the warehouse, with a total amount exceeding 30 million USDT. Kevin emphasized, "This is not only our responsibility, but also a fundamental commitment to the community
Kevin further clarified that there was no internal operational behavior involved in this incident, and there was absolutely no "single point explosion" or intentional user explosion behavior. ”Gate always prioritizes the interests of users and the community. Currently, the platform has started to optimize its prevention mechanism and review the qualifications of contract indices with stricter standards to ensure a more stable market operation in the future.
