Lighter will issue 250,000 points to compensate traders affected by the market crash

PANews reported on October 15th that Lighter officially announced a special bonus of 250,000 points to compensate traders affected by last week's market crash. The second quarter of the bonus will be distributed every Friday starting October 17th, with the first installment of 600,000 points covering the past 2.5 weeks. Affected users fall into three categories, with the platform taking full responsibility: First, a performance degradation of the trading platform occurred in the hours before the market crash, resulting in a total loss of approximately $25 million for traders. The platform will compensate them with 150,000 points and a refund of liquidation fees. Second, during the market crash, although the system functioned normally, LLP holders suffered a loss of approximately 5%. The platform partially accepted responsibility, clarified its LLP operations, and compensated LLP holders with 25,000 points. Third, a database failure after the market calmed down, which caused Lighter to shut down for 4.5 hours, resulted in a total loss of $7 million for traders. The platform will compensate them with 75,000 points and a refund of liquidation fees.

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Author: PA一线

This content is for informational purposes only and does not constitute investment advice.

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