iOS & Android

Handling of BTC Perpetual Contracts Price Error

Dear valued customers,

 

Our BTC futures prices are affected by liquid jitter, causing the liquidations of positions of certain users from 15:28 – 15:31 Feb 26, 2023 (UTC).

Our team immediately responded and repaired the system once the error was found to minimize the impact. However, a few of our customers are still affected by the incident.

As we always put our customers first in everything we do, we will compensate for the loss of our users who are affected by this incident.

Compensation details:

We will compensate customers for the futures of abnormal liquidation positions during 15:28 – 15:31 Feb 26, 2023 (UTC).

Please note that customers who experienced trading losses under normal circumstances are not eligible for the compensation.

We deeply apologize if you are affected by this incident, please email us at [email protected] with the subject “BTC Futures Position Liquidations Incident on Feb 26”, your name, mobile number/email address, and your loss amount by Mar 1, 2023 (UTC).

Our team will check and confirm all requests from 09:00 Feb 27, 2023 (UTC), and credit the compensation amount to the affected users’ accounts.

We apologize for the inconvenience caused.

Regards,

Tapbit

Feb 27, 2023