Crypto exchange Bitget is taking action against account holders suspected of manipulating the price of perpetual futures contracts tied to the VOXEL token. Eight accounts allegedly involved in an incident on April 20, profiting $20 million, will receive letters from Bitget's lawyers. The exchange's head of Chinese operations stated that these accounts improperly gained from the incident. Bitget detected abnormal trading activity on the VOXEL/USDT contract, leading to a pause and rollback of irregular trades. Despite claims of a bug in a market maker bot causing the incident, Bitget plans to distribute recovered funds to affected users. This incident follows a similar case at Hyperliquid involving the JELLY token. Both exchanges are taking steps to address suspicious market activity and protect user funds in the volatile crypto trading landscape. Read more AI-generated news on: https://app.chaingpt.org/news

#USDT