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JuCoin Explains Abnormalities in Contract System and Decides on Compensation
Summary: According to official announcement, on the afternoon of August 1, 2025, JuCoin's contract system experienced a short-term abnormality, causing a price spike in the ETHUSDT perpetual contract, resulting in approximately 2.87 million USDT in abnormal profits for users and around 7.3 million USDT in losses for users. JuCoin stated that it will fully compensate for ...
According to official announcement, on the afternoon of August 1, 2025, JuCoin's contract system experienced a short-term abnormality, causing a price spike in the ETHUSDT perpetual contract, resulting in approximately 2.87 million USDT in abnormal profits for users and around 7.3 million USDT in losses for users. JuCoin stated that it will fully compensate for all losses incurred during the incident, without retroactively reclaiming profits, with an estimated total compensation amount of 10 million USDT. The platform promises to complete all compensation by August 8. Industry experts point out that JuCoin's significant compensation demonstrates the platform's responsibility in risk management and user protection.
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Link: JuCoin Explains Abnormalities in Contract System and Decides on Compensation [Copy]
