CandleFocus Bitget pledges compensation for BGB holders following 50% price drop
2024-10-07
Author: Content Editor
Crypto exchange Bitget has pledged to fully compensate users for losses after its native token, Bitget Token (BGB), experienced a sudden 50% price drop. The token crashed from $1.14 to $0.794 before rebounding to $1.04 as the market stabilized. Bitget apologized for the disruption and stated that it would provide a compensation plan within 24 hours and complete the process within 72 hours. The cause of the crash remains uncertain, and Bitget did not disclose the number of users affected or the specific compensation mechanics.
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