WEEX Stock Surges After Compensating Users 2.5 Million USDT for Candlestick Anomaly

Coin WorldFriday, Mar 7, 2025 3:02 am ET

1min read

WEEX, a prominent cryptocurrency exchange platform, has taken significant steps to address the Candlestick Anomaly Event that affected its users. The platform has successfully compensated 2,073 users who were impacted by the anomaly, totaling 2,579,093 USDT. This compensation was part of the platform's commitment to fully reimburse all affected users, ensuring that their losses were covered in full.

In addition to the compensation, WEEX has launched a one-million-dollar WXT airdrop as a reward to its users. This airdrop is a gesture of appreciation for the trust and support shown by both new and existing users during this challenging time. The airdrop is part of a broader effort by WEEX to rebuild trust and maintain its reputation as a reliable and user-friendly exchange platform.

The Candlestick Anomaly Event involved an issue with the ETH/USDT trading pair, which led to discrepancies in the K-line data. This anomaly affected the trading experience of many users, causing frustration and financial losses. WEEX's prompt response to the issue, including the full compensation and the airdrop, demonstrates the platform's commitment to transparency and user satisfaction.

As part of its ongoing efforts to support its users, WEEX has also introduced additional compensation measures. Users affected by the event and new registered trading users before 11:59 PM on March 8th (UTC+8) will receive an additional compensation of 1 million WXT and 1 million USDT in trial funds. This move is aimed at attracting new users and retaining existing ones by providing them with additional trading opportunities and resources.

Furthermore, WEEX has launched the "ETH 8U Purchase" event, which offers new users who deposit 8 U or more before 11:59 PM on March 9th (UTC+8) a cumulative airdrop of 88 ETH. Existing users with trading records on March 4-5 and a daily contract trading volume of 5,000 U or more during this event will also be eligible for the airdrop. This event is designed to incentivize trading activity on the platform and reward users for their participation.

WEEX's response to the Candlestick Anomaly Event highlights the importance of transparency and user support in the cryptocurrency industry.

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