AInvest Newsletter
Daily stocks & crypto headlines, free to your inbox
WEEX Surge: $10M Compensation as ETH/USDT Trading Anomalies Resolved
Generated by AI AgentCoin World
Wednesday, Mar 5, 2025 2:26 am ET1min read
WEEX Exchange, a leading trading platform, recently experienced a surge in user traffic and trading volume, leading to temporary anomalies in its ETH/USDT trading pair. The platform acknowledged the issue and has taken steps to address it.
On March 5th, between 00:00 and 01:08 UTC+8, WEEX faced a high volume of concurrent trading requests during the funding rate settlement period. This resulted in abnormal loads on some shard nodes, causing delays in the ETH/USDT trading pair matching and anomalies in the K-line data. The platform has since resolved the issues and is operating stably.
In response to the incident, WEEX has allocated a $10 million USDT risk reserve fund to fully compensate affected users. This commitment underscores the platform's dedication to ensuring 100% user asset security. The WEEX technical team is currently conducting a post-incident review and will focus on optimizing the distributed architecture and matching performance to further enhance system stability and business capacity under extreme scenarios.
Coin World
Quickly understand the history and background of various well-known coins
Latest Articles
XRP News Today: Vanguard Shifts Stance on Crypto ETFs, Citing Matured Markets and Demand
Dec.02 2025
Alphabet's AI Ecosystem Fuels Flywheel Growth, Propelling Stock 68% in 2025
Dec.02 2025
Striking Baristas Secure $38.9M in Restitution, But Contract Battles Brew On
Dec.02 2025
Bitcoin News Today: Bitcoin's RSI Signals Cyclical Reset as Market Waits for Fed's Decisive Move
Dec.02 2025
Corporate Strategies Test Balance Between Growth and Sustainability
Dec.02 2025
Ainvest News articles are AI-generated using advanced large language model (LLM) technology designed to analyze and synthesize publicly available data and news. While AI tools assist in producing initial drafts and insights, all AI generated content published on Ainvest is subject to comprehensive human editorial review before publication. A designated human editor reviews, verifies, and approves each article for factual accuracy, coherence, and compliance with AInvest Fintech Inc’s editorial and disclosure standards.
Despite these review procedures, the information provided may still contain inaccuracies, incomplete data, or time sensitive references due to the inherent limitations of AI generated analysis and evolving changes. The material is provided strictly for informational and educational purposes and does not constitute personalized investment, legal, or financial advice. Readers should independently verify all facts, figures, and statements before making any decision based on this content.
AInvest Fintech Inc. its affiliates, and partners accept no liability or responsibility for any direct or consequential losses arising from reliance on this content. All articles and analyses are subject to revision, update, or removal without prior notice to maintain accuracy and integrity in our publications.
Comments
No comments yet