Bitget takes legal action on alleged VOXEL futures price manipulation

Bitget to sue 8 accounts over $20M VOXEL token manipulation

Bitget is taking legal action against eight accounts involved in the manipulation of the VOXEL token, which led to an unusual price surge and market instability.  The exchange’s head of Asia, Jiayin Xie, revealed in an  Apr. 27 post on…

Bitget takes legal action on alleged VOXEL futures price manipulation

Crypto exchange Bitget says it is issuing legal letters to account holders it accuses of manipulating the price of perpetual futures contracts linked to the VOXEL token.Eight account holders that the exchange accuses of being involved in the April 20 incident and who allegedly pocketed $20 million between them will receive a letter from the exchange’s lawyers in “quick succession,” Xie Jiayin, Bitget’s head of Chinese operations, said in an Apri…

Bitget Burns 30 Million BGB Tokens Worth $130M in Latest Supply Reduction

Bitget completed a quarterly burn of 30 million BGB tokens, worth $130 million, as part of its updated burn mechanism tied to on-chain utility, boosting the token's long-term value.

Bitget Pursues Legal Action Against Traders Over $20M Futures Incident - FinanceFeeds

Crypto exchange Bitget is taking legal action against eight account holders it accuses of manipulating the price of VOXEL token perpetual futures, the company announced. Bitget’s head of Chinese operations, Xie Jiayin, said in a post on X that the exchange will send legal letters to the individuals, who allegedly profited a combined $20 million during the April 20 incident. “These eight accounts are the main instigators of the VOXEL incident and…

Bitget pursues legal action after $20M VOXEL Futures manipulation scandal

Bitget takes legal action after VOXEL manipulation, raising concerns about transparency and crypto exchange reliability.

Bitget Files Legal Action Against Accounts in $20M VOXEL Token Manipulation Case

TLDR Bitget is pursuing legal action against eight accounts linked to a “professional arbitrage group” for allegedly manipulating VOXEL token trading The incident on April 20 saw VOXEL trading volume surge to $12.7 billion, with suspicious price swings Bitget has promised to distribute all recovered funds (estimated at $20 million) to users through airdrops Some crypto traders suggest the incident was caused by a malfunction in Bitget’s market-…