Crypto Exchange Bitget announced a legal action against eight accounts which would have been involved in manipulating the price of Voxel's term contracts. The platform claims that these accounts won more than $ 20 million during an abnormal negotiation activity on April 20, 2025.
Bitget Chinese operations manager, Xie Jiayin, revealed on X (formerly Twitter) that letters from the company's lawyers will be sent to the accused traders. She assured other users than if they retained funds normally on April 20, they would not be assigned.
看到有社区在讨论 Bg 发出的律师函 ， 我核实后 ： ： ： ： ： ： ： ： ： ： ： ： ： ： ： ： ： ： ： ： ： ： ： ： ： ： ： ： ： ： ： ： ： ： ： ： ： ： ： ： ： ： ： ：
1 、 Bitget 将陆续发出 8 份律师函。
2 、这 8 个账户疑似相关联的专业羊毛利益集团 ， ， Voxel 事件的主要始作俑者 ， 并从中不当得利超过 2000 万美金。
3 、追回的资金 ， Bitget 将 100% 以空投形式发放给平台用户！…– 谢家印 (@xiejiayinbitget) April 27, 2025
The incident started when Bitget detected an unusual activity on its Voxel / USDT perpetual trading pair. The Bitget negotiation volume exceeded $ 12 billion, far exceeding activity on larger exchanges like Binance. Consequently, Bitget temporarily frozen certain accounts and makes irregular transactions back down to protect market equity.
Bitget ensures that Ardrop users and plans
The CEO of Bitget, Garcy Chen, confirmed to a media house that suspicious professions were between the actors of the individual market, and not linked to the platform itself. It also reassured users that their funds remained safe and that there was no loss at the platform scale.
Bitget continues to investigate the cause of the incident. Some members of the community suggest a bug in a market market bot could have triggered the volume of massive trading. Opportunistic merchants would have spotted the fault and have made high effect betting to exploit it.
Voxel, the involved token, belongs to Voxies, a free 3D tactical RPG game built on the Ethereum Blockchain.bitget plans to ventilate 100% of funds recovered from affected users. A detailed incident report is still pending, said Jiayin.
This incident reflects a similar event decentralized exchange Hyperliquid in March, where a user has exploited liquidation rules related to the jelly token, benefiting from $ 6.26 million. Following this, hyperliquid has canceled the affected term contract.
Bitget's proactive measures highlight the growing importance of strong surveillance in the market for rapidly evolving cryptographic derivatives.
Highlighted the news of cryptography today:
Us dry approves the launch of ETFs in the long term proshares XRP Futures
share
