Crypto exchange Gate charged a stock dividend to the wrong contract on Wednesday. Traders betting against it were wiped out, even though its price barely moved.

Gate blamed two assets sharing one name. It said about 200 accounts were affected and that it will pay the losses.

How the Gate Dividend Error Happened

On Monday, Gate posted an announcement about Franklin Resources, the US asset manager behind Franklin Templeton. It said the company’s $0.33 per-share dividend would be passed through a contract called BENUSDT at 08:00 UTC on Wednesday.

BENUSDT is a perpetual futures…