BITGET'S VOXEL MELTDOWN
Turns out, market-making bots don't always print money... especially for the ones who built them.
Bitget's VOXEL/USDT pair transformed from crypto backwater to arbitrage paradise when a rogue algorithm started buying high and selling low every three seconds like clockwork.
Quick-fingered traders allegedly drained $100+ million before Bitget hit the kill switch, freezing accounts and rolling back trades faster than you could say "terms of service violation."
Some lucky gamblers escaped with millions in withdrawals while others watched helplessly as their fat profits evaporated into "market manipulation" accusations.
Now Bitget's CEO, Gracy Chen- who once publicly roasted competitors for similar reversals - finds herself serving the same damage control casserole to an increasingly skeptical audience.
In a market built on immutability, how many COINTROLs+Z can you press before users stop trusting the undo button?
You wake up on April 20th. VOXEL, a metaverse token normally trading with all the excitement of watching paint dry - is suddenly pumping harder than a hedge fund manager's heart rate during a margin call.
Behind the chaos?
Bitget's rogue market-making bot having a full mechanical breakdown - trapped in a degenerate's dream loop of buying low and selling high every three seconds with Swiss watch regularity.
Sharp-eyed traders spotted the pattern and pounced. Leveraged positions turned pocket change into retirement funds as the bot's predictable oscillations created a real-life money glitch.
Trading volume for this obscure token skyrocketed to $12.7 billion in 24 hours - surpassing even Bitcoin's trading activity on the platform.
Some users walked away with millions before the hammer dropped.