US EditionBitget takes legal action on alleged VOXEL futures price manipulation
- Crypto exchange Bitget initiated legal action against eight accounts regarding alleged VOXEL token trading manipulation on April 20.
- The action followed Bitget flagging abnormal activity and suspicious volumes on the VOXEL/USDT perpetual futures contract that day.
- Bitget believes these identified eight accounts connect to a professional arbitrage group.
- These accounts allegedly profited more than $20 million from the trading surge.
- Bitget sent legal letters to the accounts and plans to return recovered funds to affected users.
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17 Articles
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 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-…
Bitget to pursue legal action against 8 users who profited over $20M from VOXEL trading fiasco
The post Bitget to pursue legal action against 8 users who profited over $20M from VOXEL trading fiasco appeared on BitcoinEthereumNews.com. Crypto exchange Bitget has announced it will pursue legal action against eight users accused of profiting over $20 million from a trading glitch involving the VOXEL token. On April 27, Bitget’s executive Xie Jiayin stated that the individuals were part of a coordinated “wool-pulling interest group” that too…
VOXEL Price Scandal: Bitget Cracks Down on Market Manipulation
In a recent development, crypto exchange Bitget has initiated legal proceedings against eight accounts suspected of being involved in VOXEL price manipulation. Allegedly, the exchange suffered a massive loss of $20 million through these accounts’ unusual trading activities. “These eight accounts are the main instigators of the VOXEL incident and have improperly gained more than 20 million US dollars from it,” stated Xie Jiayin, Bitget’s head of …
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