Bitget plans to compensate eligible affected users nearly $40 million after an Aug. 9 mark price anomaly involving TUT and two other trading pairs. Xie Jiayin, Bitget's Greater China head, said the exchange will calculate compensation based on users' account equity at 15:00 that day and will cover related losses caused by forced liquidation of short positions during the period of abnormal price swings. The move addresses disruptions linked to the mark price, a reference price used by derivatives venues to help determine liquidations and reduce manipulation risk. Xie said Bitget will continue to uphold its user-protection approach across retail, VIP and institutional clients, and that the platform will review the incident further while pushing continued product and mechanism upgrades.