Eight account holders that the exchange accuses of being involved in the April 20 incident and who allegedly pocketed $20 million between them will receive a letter from the exchange's lawyers in “quick succession,” Xie Jiayin, Bitget’s head of Chinese operations, said in an April 27 X post.“These eight accounts are the main instigators of the VOXEL incident and have improperly gained more than 20 million US dollars from it,” she said, according to a translation of the post.“Except for these eight accounts, all other users who participated in VOXEL trading on April 20 and have withdrawn funds do not need to worry,” she added.“The accounts have been restored to normal and no responsibility will be pursued in the future.”Source: Xie JiayinOn April 20, Bitget said it discovered “abnormal trading activity” on its VOXEL/USDT perpetual futures contract and paused accounts it suspected of market manipulation.
Crypto exchange Bitget says it is sending letters from its lawyers to account holders it alleges were involved in manipulating the price of perpetual futures contracts tied to the VOXEL token.
Related: Bitget CEO slams Hyperliquid’s handling of ‘suspicious’ incident involving JELLY tokenVOXEL is the native utility token of Voxies, a free-to-play, 3D turn-based tactical RPG game built on the Ethereum blockchain.
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Author / Journalist: Cointelegraph by Stephen Katte
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