Gate delists LAUSDT perpetual contract, and the platform bears all losses from negative balances

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According to Foresight News, Gate stated that due to the contract mark price severely deviating from the normal market price, it will delist the LAUSDT perpetual contract and suspend related trading. The platform has conducted market price liquidation for all open positions and promised to bear all underwater balance losses, so users do not need to make additional margin calls. Previously, the Lagrange (LA) contract price on Gate experienced a rapid surge around 20 points, with the LA perpetual contract price quickly rising from less than $1 to around $27, and then rapidly falling.

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