Gate has taken down the LAUSDT perpetual contract, and the platform will fully bear the loss of warehouse penetration

Odaily Planet Daily News: Due to the significant deviation of contract marker prices from normal market prices, Gate announced on June 4th the discontinuation of the LAUSDT perpetual contract and suspended related trading. The platform has closed all open orders at market price and promises to bear all negative balance losses from short positions, and users do not need to replenish their positions. The official stated that this move aims to maintain fairness in the trading environment and ensure the safety of user assets.