The blockchain platform GMGN faced issues related to DOOD tokens on Binance Smart Chain, prompting co-founder Haze to announce compensation plans for users.
Issues with DOOD Tokens on BSC
On May 11, 2025, Haze, co-founder of GMGN, reported an issue with DOOD tokens on the Binance Smart Chain. Users started reporting losses in specific trading scenarios, leading to immediate action from the company.
GMGN's Response and Compensation Plans
Haze's statement on platform X outlined GMGN's commitment to fully compensate affected users due to the issues with the tokens. The company emphasizes its dedication to user support and transparency, aiming to restore trust amid technical challenges.
Market Reactions and Future Outlook
Data from CoinMarketCap indicates that Doodles (DOOD) are priced at $0.01, with a market cap of $55.12 million. Recent days saw a decline of 14.72%, with trading volume down by 70.73%. Such situations have recurred in the DeFi sphere, highlighting the importance of effective responses to technical glitches.
GMGN has taken steps towards compensating users and restoring trust, an important aspect of maintaining stability within their ecosystem amid technical challenges.
