Gate Announcement on Handling the LAUSDT Perpetual Futures Market

Due to a significant deviation in the mark price of the LAUSDT perpetual futures from the actual market price, Gate has taken emergency measures to ensure market stability and protect user interests. The following actions have been implemented:

1. Suspended and delisted the LAUSDT perpetual futures to maintain market stability.
2. Closed all open futures positions at market price to protect users from further impact.
3. Any negative balance from the liquidation will be fully covered by the platform —users will not bear any negative balance.

Gate always prioritizes the safety of user assets. Thank you for your understanding and continued support!

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