Bitget Addresses Abnormal VOXEL Trading Incident with User Refunds

Cryptocurrency exchange Bitget has taken swift action to address abnormal trading activity involving the VOXEL token, reversing trades and compensating affected users. The incident, which occurred in the early hours of Sunday, prompted the platform’s risk control system to temporarily suspend trading, deposits, and withdrawals for relevant accounts. Below is a detailed summary of the event and Bitget’s response.

Bitget Reverses Trades, Refunds Users After Abnormal VOXEL Trading

Crypto exchange Bitget reversed a number of trades and compensated affected users following abnormal activity in its perpetual futures market involving VOXEL, a token tied to the Polygon-based game Voxie Tactics. The incident occurred early Sunday and triggered Bitget’s risk control system, leading to the temporary suspension of trading, deposit, and withdrawal functions for relevant accounts. The token’s trading volume briefly surpassed that of Bitcoin, and it has surged over 300% in the past week.

Bitget Bot Glitch Causes $12.7 Billion VOXEL Trading Burst

An alleged glitch in Bitget’s trading network caused a significant spike in trading activity for Voxies (VOXEL), a relatively unknown crypto gaming token. The VOXEL/USDT contract’s trading volume surged to $12.7 billion, exceeding Bitcoin’s trading volume on the same network. Technical analysts attributed the issue to a faulty Bitget trading bot. Despite VOXEL’s market value being less than $30 million, the token saw a 200% increase in price.