From Cointelegraph

April 28, 2025 12:46 AM:

Crypto exchange Bitget is sending letters from its lawyers to account holders accused of manipulating the price of VOXEL futures contracts, pocketing $20 million. Eight main instigators will receive letters, while others are not pursued. Bitget rolled back irregular trades involving over $12 billion in volume. CEO plans to distribute recovered funds to affected users.

Bitget discovered abnormal trading on VOXEL futures, pausing accounts suspected of market manipulation. The $12 billion volume dwarfed Binance. CEO clarified trades were between participants, not the platform, and user funds were safe. Bitget plans to distribute recovered funds through airdrops. Some users claim incident was due to a bug exploited for profit.

VOXEL is the native token of Voxies, a 3D tactical RPG game on Ethereum. Hyperliquid faced a similar incident with the JELLY token, resulting in a $6.26 million profit for a whale. Hyperliquid delisted JELLY futures due to suspicious activity. Magazine explores the decline of memecoins and Solana’s resilience.

Read more at Cointelegraph: Bitget takes legal action on alleged VOXEL futures price manipulation