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