橘猫实验室
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Cat's Eye Focus | Reviewing Bitget's Systemic Flaw, $12.7 Billion of Fake Transactions Shocks the Entire Network
On April 20, 2025, the cryptocurrency world went wild - multiple arbitrageurs claimed that they had discovered a loophole in the VOXEL contract trading pair of the Bitget exchange. By repeatedly placing orders and taking advantage of the robot's abnormal order-taking mechanism, they obtained huge profits, with some making tens of thousands of USDT and some making millions of USDT.
Soon the users reported the situation and the exchange quickly closed withdrawals, but many people had already withdrawn their USDT, and it was almost impossible to recover it.
Occurrence process
On April 20, the trading volume of VOXEL contracts on Bitget Exchange suddenly soared to $12.7 billion. What does this mean? It is almost 300 times the usual trading volume, and even three times more than BTC/USDT!
Soon the users reported the situation and the exchange quickly closed withdrawals, but many people had already withdrawn their USDT, and it was almost impossible to recover it.
Occurrence process
On April 20, the trading volume of VOXEL contracts on Bitget Exchange suddenly soared to $12.7 billion. What does this mean? It is almost 300 times the usual trading volume, and even three times more than BTC/USDT!
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