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Bitget makes legal action on alleged manipulation of voxel futures price


The Crypto Exchange Bitget says it sends letters from its attorneys to account holders who are said to be involved in manipulating the price of eternal futures tied to the Voxel token.

Eight account holders that the exchange accused were involved in the incident on April 20 and allegedly giving $ 20 million between them to receive a letter from exchange attorneys in “fast -followed,” Xie Jianin, head of Chinese operations, Says In a post of April 27 x.

“These eight accounts are the main instigators of the Voxel incident and improperly gained more than 20 million US dollars from it,” he said, according to a post translation.

“Except for these eight accounts, all other users who participated in the Voxel trade on April 20 and withdrawing funds do not have to worry,” he added. “Accounts are restored to normal and no responsibility to pursue the future.”

Source: Xie Jiain

On April 20, the Bitget It said discovery “Abnormal trading activity” on his Voxel/USDT Perpetual Futures contract and the accounts are suspected market manipulation.

The pair of trade Clocks more than $ 12 billion in quantitydwarfing the metrics of the same contract with Binance. After the pausing, Bitget combined irregular trades to restore the acquisitions.

At this time, Bitget CEO Gracy Chen told Cointelegraph that the goods were between individual market participants, not the platform itself, and asserting the losses were not platform-wide and that the user’s funds remained safe.

Bitget is still investigating the cause of the incident

Jiain said Bitget plans to distribute 100% of the earned funds to affected users by airdrops While a complete incident report is still in the works.

Some users of X. claimed the incident was caused by a bug In a BOT of market manufacturers, which caused Voxel’s excessive volume. Entrepreneurs who saw the suspected bug early use high-leverage bets to boost their income in an exploitation of zero-costs.

Related: Bitget CEO Slams Hyperliquid’s handling of ‘Weak -Suspected’ incident involving jelly token

Voxel is the native utility token of the Voxies, a free-to-play, 3D based on tactical RPG games developed in the Ethereum Blockchain.

The decentralized exchange of hyperliquid $ 6.26 million In jelly my jelly (jelly) memecoin.

Hyperliquid has Delisted Perpetual Futures tied to Jelly Tokenciting evidence of weak -suspected market activity as the cause of the decision.

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