The $20m VOXEL exploit at Bitget demonstrates ongoing vulnerabilities in crypto exchange infrastructures and contributes to a broader trend of security breaches across the industry.

Quotes that support claims

The incident on April 20 resulted in the VOXEL token’s trading volume surging by more than 200% to $12.7 billion, surpassing even Bitcoin’s volume.

The $20 million exploit joins a growing number of hacks and exploits in recent weeks, including the $5.8 million exploit that hit Solana DeFi platform Loopscale two weeks after launch and a $49 million loss from stablecoin neobank Infini.