The recent abnormal price volatility in TUTUSDT, LOBSTER, and BICOUSDT has affected many users. Bitget has taken immediate action to mitigate the issue.

The incident occurred on August 9, 2026, at approximately 07:12 UTC, causing mark prices to temporarily diverge from broader market levels. Bitget has established a compensation plan for eligible users.

Compensation Plan Details

The plan covers users whose short positions in the affected futures were forcibly liquidated due to abnormal mark-price movements. The affected trading pairs and timeframes are: TUTUSDT (07:10:37–07:13:50), LOBSTER (07:12:15–07:15:45), and BICOUSDT (07:12:46–07:15:30).

Eligible users will receive compensation for their losses. Bitget has also improved its price-protection and risk-management mechanisms to prevent similar incidents in the future.

Market Impact

The incident has highlighted the importance of robust risk-management systems in crypto trading. Bitget has taken steps to enhance its platform's security and stability.

The compensation plan demonstrates Bitget's commitment to user protection. With over 1 million users, Bitget is a leading crypto exchange that prioritizes user safety and satisfaction.

Conclusion

The compensation plan is a significant step towards maintaining user trust. As the crypto market continues to evolve, Bitget is dedicated to providing a secure and reliable trading experience. Join Bitget today and trade with confidence.