Bitget Draws Legal Sword Against Traders Who Raked in $20M From VOXEL Glitch
Bitget’s legal team sharpens its knives—eight users face repercussions after exploiting a trading anomaly in VOXEL markets. The exchange claims they ’manipulated system vulnerabilities,’ turning a technical hiccup into a $20 million payday.
Whoops—looks like someone forgot to code in ’fair play’ protocols. The exchange vows to claw back profits, but good luck enforcing that across decentralized wallets. Just another day in the wild west of crypto, where the house always wins... until it doesn’t.
Compensation plans
Bitget has promised that all funds recovered from the incident will be fully redistributed to impacted users through an airdrop program.
Jiayin said:
“The recovered funds will be 100% distributed to platform users in the form of airdrops by Bitget.”
Furthermore, the platform reassured its community that users who legitimately traded VOXEL between 16:00 and 16:30 UTC on April 20 and withdrew their funds would not be penalized.
Looking ahead, Bitget plans to publish a comprehensive report detailing the incident. The report aims to provide transparency and reinforce trust with its community.
Meanwhile, the drama surrounding VOXEL made it one of the best-performing gaming tokens last week, according to data compiled by Web3 Games Daily. According to CryptoSlate’s data, the digital asset is down 2% to 0.07 as of press time.
