Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • ADOPTION
  • TRADING
  • HACKING
  • SLOT
Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • ADOPTION
  • TRADING
  • HACKING
  • SLOT
Crypto Flexs
Home»ALTCOIN NEWS»BitGet pursues legal measures after $ 2,000’s voxel gift operation scandal.
ALTCOIN NEWS

BitGet pursues legal measures after $ 2,000’s voxel gift operation scandal.

By Crypto FlexsApril 28, 20252 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
BitGet pursues legal measures after $ 2,000’s voxel gift operation scandal.
Share
Facebook Twitter LinkedIn Pinterest Email
  • BitGet has received a promising reward for the affected user by suing eight accounts for the voxel manipulation.
  • The flaw of the market bot has been criticized for a 200%surge in prices. The entire accident report was expected soon.

Crypto Exchange Bitget is taking legal action against eight accounts accused of manipulating a voxel token. The incident triggered a sharp surge in prices and inappropriate profits of more than $ 20 million.

BitGet promised to return the recovered funds to users affected by volatility to restore trust after suspicious trading activities.

Legal measures and user protection

Jiayin XIE, the head of Asian Asia, confirmed that on April 27, the legal notice was issued.

BitGet announced that it would not be disadvantaged to a user (16: 00 ~ 16: 30 UTC) who traded the voxel while interrupted for 30 minutes on April 20.

of course

Source: X

The exchange has restored an affected account and guaranteed that the user would not take additional punishment for them.

BitGet: What happened at the Boxell Spike

The manipulation occurred quickly, and the voxel has soared more than 200% in just 30 minutes, making it the most asset of Bitget for a while. The price rose from $ 0.125 to $ 0.1645 and was fueled by a transaction that bypassed a regular order.

Bitget thought that Spike was due to suspected defects in the market bot. The bot has a chance to manipulate because the spells run abnormally and quickly.

As a result, the transaction was stopped, several accounts were frozen, and Bitget announced plans to roll back the affected transaction.

This event has a question of transparency, emphasizes potential backlash, and has a significant impact on the industry.

Transparency, backlash and industrial impact

Bitget argues that the problem is not the result of internal failure or the result of external hacking. However, the exchange has not yet disclosed the identity of the related people, and the entire accident report is expected to be expected soon.

In the meantime, Bitget is facing an increasing backlash. Critics emphasized the relocation of Gracy Chen, who criticized Hyper Liquid’s handling of similar events related to jelly tokens.

BitGet has now investigated a wide range of concerns about the reliability of encryption exchange and the risk of automated trading systems.

Next: 99% Monthly Decoding of POPCAT: Can I target $ 0.54 next?

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

SPX, DXY, BTC, ETH, XRP, BNB, SOL, Doge, ADA, Hype

June 2, 2025

It is so easy to be a millionaire! Winner Mining helps to become rich in 2025

June 2, 2025

TRON (TRX) sets a new record for monthly transmission in May.

June 2, 2025
Add A Comment

Comments are closed.

Recent Posts

NVIDIA improves everything by acceleration of RTX AI PC.

June 2, 2025

SPX, DXY, BTC, ETH, XRP, BNB, SOL, Doge, ADA, Hype

June 2, 2025

Electrum testnet wallets do not display the trading record for the address.

June 2, 2025

BNB AI Hackathon promotes innovative projects to higher classes

June 2, 2025

It is so easy to be a millionaire! Winner Mining helps to become rich in 2025

June 2, 2025

Can Ether Lee’s signal with a major candlestick pattern?

June 2, 2025

Stellar (XLM) Soroban Audit Bank Smart Contract Security Improvement

June 2, 2025

Flux.1 KONTEXT: Edit Image Editing as a Multimodal Model

June 2, 2025

Genzio podcast | Vault12 encryption inheritance and asset management | Toronto

June 2, 2025

TRON (TRX) sets a new record for monthly transmission in May.

June 2, 2025

Robin to be presented at the Global Exchange Meeting in June 2025

June 2, 2025

Crypto Flexs is a Professional Cryptocurrency News Platform. Here we will provide you only interesting content, which you will like very much. We’re dedicated to providing you the best of Cryptocurrency. We hope you enjoy our Cryptocurrency News as much as we enjoy offering them to you.

Contact Us : Partner(@)Cryptoflexs.com

Top Insights

NVIDIA improves everything by acceleration of RTX AI PC.

June 2, 2025

SPX, DXY, BTC, ETH, XRP, BNB, SOL, Doge, ADA, Hype

June 2, 2025

Electrum testnet wallets do not display the trading record for the address.

June 2, 2025
Most Popular

Reuters: BlackRock, Ark Investments compete to cut Bitcoin ETF fees

January 10, 2024

Bitcoin in a bull trap? Santiment says one catalyst could trigger BTC to resume its upward trend and surge higher.

December 9, 2023

Justin Sun Considers Boxing Match With Ethereum’s Vitalik in Dubai

September 20, 2024
  • Home
  • About Us
  • Contact Us
  • Disclaimer
  • Privacy Policy
  • Terms and Conditions
© 2025 Crypto Flexs

Type above and press Enter to search. Press Esc to cancel.