Bitget’s $12B VOXEL frenzy fizzled fast, but questions remain
Article
Authors
Yohan Yun
Publish date
Apr 21, 2025 - 12:00am
Publisher
Cointelegraph
Web URL
https://cointelegraph.com/news/bitget-voxel-frenzy-fizzled-questions-remain
Referenced by
Bitget reverses VOXEL trades after suspected market manipulation
Crypto news
News story
The atypical metrics drew Bitget’s attention. In the fallout of its early investigation, the exchange suspended accounts suspected of market manipulation and rolled back irregular trades that occurred throughout the day. Traders who copped losses during that period were offered compensation.
Crypto news
Quote
Crypto market participants pointed to rapid price fluctuations and what multiple Mandarin-language X accounts described as a bug in a “market maker” bot as the cause of VOXEL’s excessive volume.
Crypto news
Quote
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