On October 7th, Bitget officially issued an announcement in response to today's platform coin BGB price changes, saying that at 10:53 am on October 7th, 2024, the BGB price fluctuated sharply for ten minutes, and the market quickly returned to stability. As a result, Bitget will pay in full for the part of the asset loss, and provide a compensation plan within 24 hours, and complete the compensation within 72 hours.