Gate Announcement on Handling the LAUSDT Perpetual Futures Market

Due to a significant deviation in the mark price of the LAUSDT perpetual futures from the actual market price, Gate has taken emergency measures to ensure market stability and protect user interests. The following actions have been implemented:

1. Suspended and delisted the LAUSDT perpetual futures to maintain market stability.
2. Closed all open futures positions at market price to protect users from further impact.
3. Any negative balance from the liquidation will be fully covered by the platform —users will not bear any negative balance.

Gate always prioritizes the safety of user assets. Thank you for your understanding and continued support!

Gate Team Jun 4th, 2025 **Gateway to Crypto** Trade over 5,300 cryptocurrencies safely, quickly, and easily on Gate **Take Action Now** Sign up and claim up to $10,000 in welcome rewards Invite friends and earn a 40% commission **Stay Connected** Visit Gate's official website Download the Gate App | Desktop Follow us on X (Twitter) to get more bonuses Join our Telegram community to discuss trending topics Engage with our global community for the latest insights **Transparency & Security** Check our 100% Proof of Reserves