Cryptocurrency Exchang Bitget has discovered “abnormal trading activity” on the constantly future Voxel/USDT contract on April 20, from 8:00 to 8:30 UTC, and temporarily stopping accounts suspected of market manipulation.
According to April 20 advertisement From the stock exchange, Bitget will decline accounts suspected of manipulation in the market within 24 hours, and gain back gains from deals.
The CEO of Bitget Grace Chen Cointelegraph told the trading between the participants in the individual market, not the platform itself. Chen also said that the losses are not at the platform level and that the user’s money remains safe.
The encryption exchange is also planning to compensate users who have been lost due to the manipulation of the alleged market and will announce a compensation plan soon, as ChenteleGRAP. Bitget CEO added:
“For any remaining losses, Bitget is fully prepared to provide compensation. The protection fund of $ 300 million provides more than sufficient support to support our users in such events, ensuring that the user’s assets are safe.”
The accident indicated questioning the stock exchanges under pressure from trading deformities and electronic commercial errors, with some traders comparison Bitget incident to Jalili’s liquid exploitation in March 2025.
Related to: Arkeham says that excessive liquid gel “exploited” has decreased by one million dollars.
An excessive liquid disaster again?
On March 26, Mimikoin Jelly-Melly (Gili) merchant took advantage of the hyperlink by hedging in a long position against a short-equated position.
The price of the gel that was pumped by more than 400 %, which led to the liquidation of short situations. However, since the situation was very large, it was sent through Vauult Hyperliquide Superviider (HLP).
In response to trading activity, hyperlizid Helised Jelly Perpetual Controves condemned a wide range of the encryption community.
The CEO of Bitget Grace Chen was among the most voice critics of Hyperleliid, as she criticized the exchange in order to delete the gel and cause financial losses to users.
Chen wrote on March 26 ×: “The decision to close the Jelly market and the strength of the settlement of positions at a favorable price mail.
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