WEEX exchange allocates 10 million USDT as a risk reserve, fully compensating users affected by abnormal K-line fluctuations

2025-03-05 15:33:32

Collection

ChainCatcher news, according to the announcement from WEEX exchange, with the recent surge in platform user numbers and trading volume, from March 5, 00:00 --- 01:08 (UTC+8), WEEX experienced high concurrent trading requests during the funding rate settlement period, leading to abnormal load on some shard nodes, resulting in matching delays for the ETH/USDT trading pair and anomalies in K-line data.

Currently, the related issues have been fully resolved, and the platform is operating stably. WEEX has allocated a risk reserve of 10 million USDT to fully compensate affected users, fulfilling the commitment of "100% user asset security guarantee."

In addition, the WEEX technical team has simultaneously initiated a review of the incident, focusing on optimizing distributed architecture and matching performance, increasing investment in technical performance, and further strengthening system stability and business capacity under extreme scenarios.

(Source Link)

Related tags

WEEX USDT risk reserve fund

ChainCatcher reminds readers to view blockchain rationally, enhance risk awareness, and be cautious of various virtual token issuances and speculations. All content on this site is solely market information or related party opinions, and does not constitute any form of investment advice. If you find sensitive information in the content, please click "Report", and we will handle it promptly.