- Bitget flings lawsuits at eight shady characters, dangling sweet compensation to those who got caught in the chaos.
- Blame it on the market-maker bot’s drunken dance — a 200% price jump worthy of a Russian novel’s twist; full sordid saga coming soon.
Ah, the saga of the VOXEL token, a tale worthy of the devil’s own pen. Bitget, that grand stage of crypto capitalism, has now thrown its legal gloves at eight suspicious accounts suspected of twisting VOXEL’s value like a matryoshka doll gone mad. This little extravaganza sent the price skyrocketing and profited those nimble tricksters to the tune of over $20 million — not too shabby for a few clicks.
With the bravado of a bureaucrat promising bread and circuses, Bitget vows to return every ruble — or fraction thereof — snatched during this rollercoaster, trying to patch the tattered trust of its users, who surely rubbed their eyes mid-chaos wondering if their crypto had turned into sorcery.
The Law Steps In — or at Least Attempts To
Jiayin Xie, Bitget’s Head of Asia and probably wearer of many hats, solemnly announced on the 27th of April that legal paperwork has parachuted down on these skulking accounts like a Soviet dispatch.
Miraculously, Bitget has decided not to punish those who traded in the firestorm of VOXEL between 16:00 and 16:30 UTC on April 20th, even if some poor souls found their assets frozen in this brief, hellish winter.
The exchange has resurrected the frozen accounts like Lazarus, swearing no further torments shall be meted out. A rare act of mercy in the dog-eat-dog jungle.
How the Bot Went on a Bender and Made VOXEL Dance
In a blink, VOXEL’s price shot up over 200% within half an hour — a meteoric rise fit for a Bond villain’s scheme. From a humble $0.125 to a flamboyant $0.1645, all thanks to rapid-fire trades that skipped the polite queue of the order book.
Bitget points its trembling finger at a glitch in their market-making bot — that mechanical marionette whose strings tangled and flung orders faster than a Soviet spy swapping documents.
Who? Why? What Now?
Bitget insists this calamity wasn’t a homegrown disaster nor some hacker’s masterstroke, but fails to unveil the identities of the culprits. A detailed report is promised to drop soon, likely with the suspense of a Dostoevsky thriller.
Meanwhile, the virtual mob is gathering. Critics jab with memories of CEO Gracy Chen’s past jabs at Hyperliquid’s JELLY mess—a pot calling the kettle jelly-colored. Now Bitget itself is in the hot seat, fueling fresh doubt about the shiny promises of crypto exchanges and the temperamental puppetry of trading bots.
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2025-04-28 19:06