Bitget’s lawyers have sent letters to eight account holders at the crypto exchange, accusing them of manipulating the price of perpetual futures contracts tied to the VOXEL token and pocketing $20 million in total.

Bitget’s head of Chinese operations, Xie Jiayin, said in an April 27 X post that those behind the eight accounts will receive the legal letters in “quick succession,” and it will redistribute any recovered funds to its other users.