Bitget Investigating BGB Token Price Drop, Will Compensate Users
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- Bitget investigates unusual BGB price drop, plans compensation for affected users.
- Bitget strengthens its market share, ranking 4th among centralized exchanges in September 2024.
- BGB shows slight recovery, with technical indicators signaling neutral to bullish momentum.
Bitget announced an investigation into the unusual price movements of its native token, BGB, which occurred between 10:53 AM and 10:58 AM. The exchange aims to determine the cause of the sudden price drop and compensate users who experienced losses.
— Coin Edition: Your Crypto News Edge (@CoinEdition) October 7, 2024
JUST IN: Bitget’s Chinese representative confirmed an investigation into abnormal $BGB price fluctuations between 10:53 and 10:58 AM today and is assured a compensation plan for affected users.@xiejiayinBitget @Bitget_zh #Bitget #China #Crypto https://t.co/x2Pu2iovLW
Bitget representatives identified irregular BGB price activity during a five-minute window on October 7. The price of Bitget Token plummeted, raising concerns about potential manipulation or technical issues.
Although the specific causes remain unconfirmed, Bitget’s Chinese representative assured us…
The post Bitget Investigating BGB Token Price Drop, Will Compensate Users appeared first on Coin Edition.
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