Dear Toobiters,
Toobit experienced a temporary mark price deviation on 2025-05-29 on the following contract pairs:
• PI-USDT Perpetual
• HYPE-USDT Perpetual
• XAUT-USDT Perpetual
This deviation led to unexpected liquidations and ADL (Auto-Deleveraging) events for some users.
We are currently conducting a thorough investigation to determine the root cause of the issue and assess the full scope of its impact. Affected users will be compensated accordingly based on verified data.
Toobit remains fully committed to maintaining a fair, secure, and transparent trading environment. We sincerely apologize for any inconvenience caused and are implementing additional safeguards to prevent similar incidents in the future.
Thank you for your understanding and continued support.
Toobit Team
2025-05-29
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Toobit reserves the right to modify or cancel this announcement at any time and for any reason without prior notice.
Risk Warning: The prices of digital assets may fluctuate significantly. The value of your investment may increase or decrease, and you may even lose the entire amount invested. You are solely responsible for your investment decisions, and Toobit is not liable for any losses that may occur due to the use of margin trading. This information should not be considered financial or investment advice. Please refer to our Terms of Use and Risk Disclosure for more details.