🚨 Crypto News Flash! 🚨

Bitget has pledged to compensate holders of its native Bitget Token (BGB) after a dramatic flash crash on Monday. The BGB token nosedived from $1.14 to $0.54 in just 15 minutes around 02:30 UTC, before rebounding to $1.04 and stabilizing around $1.06.

- Bitget promises full compensation for losses within 72 hours.

- The crash was likely due to "overall market sluggishness" from holidays and Golden Week in Asia, says Ryan Lee, chief analyst at Bitget Research.

What are your thoughts on Bitget's response? Share in the comments! 💬 #CryptoNews #Bitget #BGB