Bithumb has announced that it will compensate users for losses incurred due to a recent plunge in the price of the Bithumb Global (BGB) token. According to the exchange, the price of BGB experienced significant volatility for a brief period on October 7th, causing losses for some users. Bithumb has stated that it will establish a compensation plan within 24 hours and complete the compensation procedures within 72 hours. The exchange has reassured users that they will be fully compensated for the losses they incurred during the volatility. The plunge in the price of BGB occurred around 11:58 AM on October 7th, when the token briefly traded at $0.5344 on Bithumb. The price of BGB has since recovered and is currently trading at $1.0724 on the exchange. Bithumb's decision to compensate users for the losses incurred during the volatility is a positive step and demonstrates the exchange's commitment to its users. It is important for exchanges to take responsibility for any losses that occur on their platforms, and Bithumb's actions in this case are commendable.