Bitget Will Repay Traders After Ethereum Token Plunges 52% in Flash Crash

Quick Summary:

Bitget promised that it will fully compensate traders of its BGB token, shortly after the asset's value plummeted and then quickly rebounded.

Several flash crashes have happened in the highly volatile cryptocurrency market this year.

After that initial crash, the price of the asset recovers rapidly.

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Article Details

Author / Journalist: Liz Napolitano

Category: Crypto

Markets: Estonia

Topics: Markets Flash crash Crypto markets Markets Bitget Bgb

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-10-07 @ 18:28:38 (16 hours ago)

News Timezone: GMT +8:00

News Source URL: decrypt.co

Language: English

Article Length: 454 words

Reading Time: 3 minutes read

Sentences: 14 lines

Sentence Length: 33 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Decrypt

News ID: 22931139

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About Decrypt

Main Topics: Crypto

Official Website: decrypt.co

Update Frequency: 3 posts per day

Year Established: 2018

Headquarters: Estonia

News Last Updated: 11 hours ago

Coverage Areas: Estonia

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Worldwide

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #63

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