Coinspeaker
Bitget Announces 100% Compensation for Users after BGB Crashed
Following a brief 50% crash of its native token BGB
BGB
$1.07
24h volatility:
0.3%
Market cap:
$1.50 B
Vol. 24h:
$5.91 M
, cryptocurrency exchange Bitget has promised to compensate its users. On Monday, the firm issued a statement apologizing for the disruption in its operation. Then, Bitget announced the decision to fully cover users’ losses after the Bitget token plunged from $1.14 to $0.794.
The token stayed volatile after the crash for about ten minutes before it finally rebounded to $1.04. At the time of writing this article, BGB was trading at $1.08. Notably, Bitget has yet to release the total number of users affected by the crash.
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