Lighter will issue 250,000 points to compensate traders affected by the market crash

Lighter announced it is issuing a special bonus of 250,000 points to compensate traders affected by last week's market crash. The second quarter of the bonus will be distributed every Friday starting October 17th, with the first installment of 600,000 points covering the past 2.5 weeks. Affected users fall into three categories, with the platform taking responsibility for all three. First, a performance degradation of the trading platform occurred in the hours before the market crash, resulting in a total loss of approximately $25 million for traders. The platform will compensate them with 150,000 points and a refund of liquidation fees. Second, during the crash, although the system functioned normally, LLP holders suffered a loss of approximately 5%. The platform is partially responsible, has clarified its LLP operations, and is compensating LLP holders with 25,000 points. Third, a database failure after the market calmed down, which caused Lighter to shut down for 4.5 hours, resulting in a total loss of $7 million for traders. The platform will compensate them with 75,000 points and a refund of liquidation fees.