JuCoin's explanation of the contract system anomaly and compensation decision. On August 1, 2025, at 16:06, the JuCoin contract system experienced a brief anomaly, causing price spikes in the ETHUSDT perpetual contract, during which approximately 2.87 million USDT was improperly profited by users, while around 7.3 million USDT was lost by users. JuCoin stated that it will fully compensate all losses incurred during the incident, while profits obtained will not be retrospectively pursued or recovered, with an expected total compensation amount of approximately 10 million USDT. The platform promises to complete all compensations by August 8.