Bitget Files Legal Action Against Eight Accounts for $20M VOXEL Trading Manipulation

Cryptocurrency exchange Bitget has launched legal proceedings against eight accounts accused of manipulating VOXEL token trading, allegedly profiting over $20 million during a market surge on April 20. The exchange’s head of Asia, Jiayin Xie, confirmed the action via social media, noting that the accounts are suspected to be part of a professional arbitrage group. The case highlights Bitget’s commitment to maintaining market integrity and combating fraudulent activities in the crypto space.

Bitget Takes Legal Action Against Eight Accounts Over $20M VOXEL Trading Manipulation

Crypto exchange Bitget has initiated legal proceedings against eight accounts allegedly involved in manipulating the trading of VOXEL tokens, resulting in profits exceeding $20 million during a sudden market surge on April 20. Jiayin Xie, Bitget’s head of Asia, confirmed via X that legal notices were dispatched to the accounts, suspected to be operated by a professional arbitrage group. The Seychelles-based exchange plans to redistribute any recovered funds to affected users through an airdrop.

The controversy erupted when VOXEL, the native token of Polygon-based game Voxie Tactics, experienced an unprecedented spike in trading volume last week, briefly surpassing Bitcoin’s trading activity. Bitget’s investigation into the irregularities revealed coordinated market manipulation, prompting the exchange to take swift legal action.

W Coin Airdrop Claim April 29: Eligibility Check and Bitget Listing

W Coin has finalized the rules for its upcoming airdrop, offering participants a final opportunity to claim free tokens ahead of its Bitget listing on April 29. The event marks a significant milestone for the project, potentially driving short-term interest and liquidity.

Bitget’s decision to list the token underscores the exchange’s continued efforts to onboard emerging digital assets. Market participants should verify eligibility requirements promptly, as airdrop claims often operate on strict timelines.