Turning a crisis into an opportunity, sometimes you can really see the confidence of a platform.
This time, the Jubi @JuCoin_ZH directly covered more than 10 million USDT, and the users did not lose a penny, and the entire process was decisive and straightforward.
You can say that this is the responsibility of the platform, but in the final analysis, who is willing to stand up and bear it as soon as something happens?
In this era where even "apologies" have to be actuarially costly, there are really not many people who are willing to pay real money.
If you don't have a Jubi account, you can register at the following link 🔗
#JuCoin
🚨 Explanation of the contract system anomaly on August 1, 2025, and compensation decision
From 16:06 to 16:09 (UTC+8) on August 1, the ETHUSDT contract experienced a price spike, resulting in some users making abnormal profits of 2.87 million USDT, while others incurred abnormal losses of 7.3 million USDT.
To effectively protect the interests of all platform users, we have decided:
✅ Full distribution of abnormal profits: Users who made profits during the incident will not be subject to retroactive measures or recovery, with a total distribution of approximately 2.87 million USDT;
✅ Full compensation for abnormal losses: The platform will fully bear the losses incurred by users during the incident. This includes accounts that were originally in a floating loss state, with total compensation amounting to approximately 7.3 million USDT.
The total compensation amount borne by the platform for this incident exceeds 10 million USDT, and all compensations will be completed by August 8 at 24:00 (UTC+8).
We will continue to optimize system stability to ensure that every user receives the protection they deserve during extreme market conditions.
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