Gate responds to abnormal fluctuations in TUT, Lobster, and BICO perpetual contracts: full USDT compensation will be provided to affected liquidated users

Regarding the abnormal and severe fluctuations in the perpetual contract market for TUT (TUTUSDT), Lobster (LobsterUSDT), and BICO (BICOUSDT) on August 9, 2026, Gate has promptly initiated a special review and risk control investigation. To protect users' legitimate rights and interests, Gate will provide full USDT compensation to affected users who meet the compensation criteria. The platform has opened a special processing channel, and affected users can contact Gate through official channels such as VIP account managers and online customer service. The platform will assist in implementing the compensation plan within three working days and will distribute the compensation amount to users' spot accounts.

Gate stated that user rights are always the core focus of the platform, and it will continue to strengthen the identification of abnormal trading, risk control in low liquidity markets, dynamic management of risk parameters, and the construction of pricing and settlement mechanisms, further enhancing the platform's risk prevention capabilities and market governance level. Gate is committed to creating a fair, transparent, and secure trading environment, continuously listening to user feedback, and working with the community to maintain a healthy and stable market ecosystem.