CKING CRYPTO
--
BITGET SCAM
A serious exploit recently occurred on Bitget through the VOXEL/USDT pair.
It simply shows what can go wrong when trading systems glitch.
Here’s what happened:
A bug in Bitget’s market-making bot created abnormal price movements in $VOXEL every 3 seconds.
Traders spotted this and used leverage to buy low, sell high—over and over—within that short cycle.
This glitch allowed some users to repeat arbitrage loops for massive profits.
One trader reportedly turned $100 into $3M in minutes.
Another withdrew over $42M in USDT.
The volume on #VOXEL shot up to $12.7B—more than BTC’s volume on Bitget that day.
By the time Bitget froze trading, over $100M had been drained.
Since this was a low-liquidity token, it amplified the damage.
A serious exploit recently occurred on Bitget through the VOXEL/USDT pair.
It simply shows what can go wrong when trading systems glitch.
Here’s what happened:
A bug in Bitget’s market-making bot created abnormal price movements in $VOXEL every 3 seconds.
Traders spotted this and used leverage to buy low, sell high—over and over—within that short cycle.
This glitch allowed some users to repeat arbitrage loops for massive profits.
One trader reportedly turned $100 into $3M in minutes.
Another withdrew over $42M in USDT.
The volume on #VOXEL shot up to $12.7B—more than BTC’s volume on Bitget that day.
By the time Bitget froze trading, over $100M had been drained.
Since this was a low-liquidity token, it amplified the damage.
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.
0
0