Gate CBO: Allow users affected by LA contracts to retain profits and cover losses incurred by overstocked users, compensating over 30 million USDT

According to Foresight News, Gate CBO Kevin Lee responded to recent fluctuations in LA contract prices. Kevin Lee stated that the fluctuation of contract prices is due to abnormal data from contract index sources and the cumulative effect of risk control automatic mechanisms, rather than internal operations or intentional "single point liquidation". Within 15 minutes after the incident, Gate removed LA contract trading pairs, issued notifications, activated emergency risk control mechanisms, and fixed data discrepancies. In addition, Gate has allowed all users to retain the profits they have earned, while covering 100% of the losses of all through warehouse users, with a total amount of over 30 million USDT.