Bitget to Compensate Losses Following VOXEL Token Manipulation

The cryptocurrency exchange Bitget announced the cancellation of trades and compensation for users following unusual activity in the VOXEL market. This concerns futures linked to the token of the game Voxie Tactics, built on Polygon.

On April 20, a sharp increase in VOXEL volumes triggered Bitget’s risk management system. According to the exchange’s statement, some accounts may have employed manipulative schemes.

Amidst this, VOXEL trading volume surpassed that of Bitcoin, with the token’s price rising by more than 300% over the week, according to CoinGecko.

One user on X claims to have earned a six-figure sum, starting with less than $100, but with the rollback of trades, their profit will be annulled.

Bitget估计是做市机器人出bug了，Voxel/Usdt合约交易对在0.125-0.138范围内可以自动成交

有人发现了，用100u来回撸短撸了十几万u……

刚刚USDT短暂关闭提币了，现在已恢复，不过有些相关账号应该风控了。有点像ATM疯狂吐钞票的感觉了? pic.twitter.com/l3zvPB9AMn

— 迪伦Dylan? (@0xDy_eth) April 20, 2025

He described the situation as a “glitch in Bitget’s market maker.”

Representatives of the platform stated they would review irregular trades within 24 hours. For affected users, the team will develop a compensation plan.

Earlier, on April 17, experts confirmed insider involvement in the collapse of the Mantra token.

On April 13, the price of OM plummeted by approximately 90% in a short time. The asset’s capitalization lost about $5.5 billion.