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Bitget Takes Legal Axe to 8 Accounts in $20M VOXEL Pump-and-Dump Scheme
Bitget Takes Legal Axe to 8 Accounts in $20M VOXEL Pump-and-Dump Scheme
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Crypto exchange Bitget just threw the book at eight accounts accused of manipulating VOXEL tokens—allegedly pocketing $20M in the process. The move signals exchanges are finally playing whack-a-mole with market manipulators... or at least pretending to.
Behind the lawsuit: A classic pump-and-dump. The accused allegedly inflated VOXEL’s price before dumping holdings on retail traders—because what’s crypto without a little ’number go up’ theater?
Why it matters: While Bitget’s lawsuit looks tough on paper, cynics note it’s easier to sue a few bad actors than to fix the structural casino economics that make such schemes irresistible. The house always wins—even when it’s wearing a regulatory mask.
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