Bitcoin
Bitcoin (BTC)
$90,976.00 4.2043
Bitcoin price
Ethereum
Ethereum (ETH)
$3,197.86 1.31981
Ethereum price
BNB
BNB (BNB)
$636.89 5.30945
BNB price
Solana
Solana (SOL)
$219.86 6.2271
Solana price
XRP
XRP (XRP)
$0.710499 7.10571
XRP price
Shiba Inu
Shiba Inu (SHIB)
$0.0000259 7.14482
Shiba Inu price
Pepe
Pepe (PEPE)
$0.000023 77.17479
Pepe price
Bonk
Bonk (BONK)
$0.0000427 28.75243
Bonk price
dogwifhat
dogwifhat (WIF)
$4.20 40.21733
dogwifhat price
Popcat
Popcat (POPCAT)
$1.91 31.91764
Popcat price
Bitcoin
Bitcoin (BTC)
$90,976.00 4.2043
Bitcoin price
Ethereum
Ethereum (ETH)
$3,197.86 1.31981
Ethereum price
BNB
BNB (BNB)
$636.89 5.30945
BNB price
Solana
Solana (SOL)
$219.86 6.2271
Solana price
XRP
XRP (XRP)
$0.710499 7.10571
XRP price
Shiba Inu
Shiba Inu (SHIB)
$0.0000259 7.14482
Shiba Inu price
Pepe
Pepe (PEPE)
$0.000023 77.17479
Pepe price
Bonk
Bonk (BONK)
$0.0000427 28.75243
Bonk price
dogwifhat
dogwifhat (WIF)
$4.20 40.21733
dogwifhat price
Popcat
Popcat (POPCAT)
$1.91 31.91764
Popcat price
Bitcoin
Bitcoin (BTC)
$90,976.00 4.2043
Bitcoin price
Ethereum
Ethereum (ETH)
$3,197.86 1.31981
Ethereum price
BNB
BNB (BNB)
$636.89 5.30945
BNB price
Solana
Solana (SOL)
$219.86 6.2271
Solana price
XRP
XRP (XRP)
$0.710499 7.10571
XRP price
Shiba Inu
Shiba Inu (SHIB)
$0.0000259 7.14482
Shiba Inu price
Pepe
Pepe (PEPE)
$0.000023 77.17479
Pepe price
Bonk
Bonk (BONK)
$0.0000427 28.75243
Bonk price
dogwifhat
dogwifhat (WIF)
$4.20 40.21733
dogwifhat price
Popcat
Popcat (POPCAT)
$1.91 31.91764
Popcat price
Bitcoin
Bitcoin (BTC)
$90,976.00 4.2043
Bitcoin price
Ethereum
Ethereum (ETH)
$3,197.86 1.31981
Ethereum price
BNB
BNB (BNB)
$636.89 5.30945
BNB price
Solana
Solana (SOL)
$219.86 6.2271
Solana price
XRP
XRP (XRP)
$0.710499 7.10571
XRP price
Shiba Inu
Shiba Inu (SHIB)
$0.0000259 7.14482
Shiba Inu price
Pepe
Pepe (PEPE)
$0.000023 77.17479
Pepe price
Bonk
Bonk (BONK)
$0.0000427 28.75243
Bonk price
dogwifhat
dogwifhat (WIF)
$4.20 40.21733
dogwifhat price
Popcat
Popcat (POPCAT)
$1.91 31.91764
Popcat price

Bitget pledges compensation for BGB holders following 50% price drop

bitget-pledges-compensation-for-bgb-holders-following-50-price-drop
Edited by
News
Bitget pledges compensation for BGB holders following 50% price drop

Bitget has pledged to fully compensate users for losses after its native token BGB briefly crashed by 50%.

Crypto exchange Bitget announced plans to fully compensate users impacted by a sudden 50% price drop in its native token, Bitget Token (BGB), which briefly crashed early on Oct. 7. The token plunged from $1.14 to $0.794, remaining volatile for about ten minutes before rebounding to $1.04 as the market stabilized.

In a statement on Monday, Oct. 7, Bitget apologized for the disruption and pledged to cover any user losses. The exchange said it would provide a detailed compensation plan within 24 hours and expects to complete the compensation process within 72 hours.

“We will keep optimizing margin position levels, risk management measures, and liquidation mechanisms to ensure a safer and more stable trading environment for you.”

Bitget

Bitget did not disclose the total number of users affected or the specific compensation mechanics, though it highlighted its ongoing efforts to enhance platform stability. The cause of the crash remains uncertain, occurring four months after BGB hit an all-time high of $1.48. As of press time, BGB is down nearly 30% from its June peak.

In March, Bitget’s current CEO Gracy Chen said that Bitcoin (BTC) could potentially hit $180,000 to $200,000 in the ongoing cycle thanks to bullish interest in the top cryptocurrency by market cap from institutional stakeholders.