In short
- Bitget pursues legal steps against eight accounts that are linked to a ‘professional arbitration group’.
- A Voxel trading bump caused suspicions of alleged market manipulation.
- The incident calls new concern about risk management and market integrity in industry.
Crypto Exchange Bitget takes legal steps against eight accounts that accuses the manipulation of Voxel -Tokenhandel and the benefit of more than $ 20 million during a trading thrust on April 20.
The Chinese representative of Bitget, Jiayin Xie, said on X on Saturday That legal letters were sent to the accounts, which are assumed to be part of a ‘professional arbitration group’.
Bitget said it will spread all restored funds via an airdrop to its users.
The announcement follows an episode last week when the price of Voxel-the native token of polygoon-based game voxia-tactics in volume was uncovered.
The price rose by more than 560% compared to 48 hours earlier, with an increase from $ 0.021 to $ 0.139. It is currently traded at $ 0.074, according to Coentecko47% have fallen since the incident.
On the same day, bitget marked “Abnormal activity” in Voxel/USDT Perpetual Futures Trading, which remarks suspicious volumes and price fluctuations. Certain bills were temporarily suspended from trade, deposit and withdrawal.
Although Bitget says that most users were unaffected, the exchange still did not disclose who exactly was behind the activity or what technical problems made it possible. “We will release a full report on the Voxel incident as soon as possible,” Xie added.
Crypto -traders have pointed to one on X Perpetuity In the market for making bitget. Others made comparisons Between casinos that sue gamblers for winning the jackpot.
Chinese language accounts too shared A message from Bitget CEO Gracey Chen that beaten The response of the DEX hyperliquid exploited as “immature, unethical and unprofessional”, warned that it was at risk of becoming “FTX 2.0”.
Hyperliquid was forced to scrap his Jelly eternal futures after a liquidation operation in March. In another incident, Binance recently also banned two market makers who are linked to price accidents in GPS, Shell and Move tokens.
Xie responded That “all major market makers in the world are located in Bitget”, but refused to reveal who its market makers are for confidentiality reasons.
Bitget did not immediately respond to a request for comment.
Published by Sebastian Sinclair
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