Crypto exchange Bitget has promised to fully compensate holders of its native Bitget Token $BGB after a sudden 52% price drop on Monday, where BGB fell from $1.14 to $0.54 in just 15 minutes. The token quickly rebounded to around $1.06. Bitget attributed the flash crash to "overall market sluggishness," including holidays like Golden Week in Asia, though the cause of the mass sell-off remains unclear. The company announced a compensation plan within 24 hours, with repayments to be processed within 72 hours. Source: Coindesk
