Bitget to Reverse Trades Following Suspicious VOXEL Trading Activity

• Bitget to restore trading and compensate users affected by irregular trading activities in VOXELUSDT futures.
• Profitable but abnormal trades saw one user earn six figures from a mere $100 investment before rollback plans.

In a recent development, Bitget is planning to restore previous trading activities. Additionally, it will provide compensation to users whose accounts were affected by irregular trading patterns in the VOXELUSDT perpetual futures market. The platform activated its risk control systems after detecting suspicious market manipulation activities between 8:00 and 8:30 UTC on April 20, 2025.

Exchange Takes Swift Action as VOXEL Sees Unprecedented Volume

The official token of the Polygon-based RPG game Voxie Tactics, known as VOXEL achieved a massive volume during these trading fluctuations. Its trading volume exceeded Bitcoin trading volume, even though it held the 723rd position in market capitalisation. The gaming token experienced a 300% price increase during the previous week, which brought it to the forefront of the crypto market.

Trading reports show that traders earned significant profits from these abnormal price fluctuations after one user obtained six figures from investing less than $100. The planned transaction rollback by Bitget threatens to eliminate all profits that were made from irregular trades.

Bitget announced through its official statement that it would perform a rollback of all abnormal trades within a 24-hour period to maintain trading security and fairness. Trading functions, along with deposits and withdrawals, remain suspended for all accounts that Bitget suspects of having manipulated the system.

Bitget guarantees complete fund security and plans to provide compensation to traders who lost money during the affected period. All users who executed trades on the VOXEL contract during the defined period must reach out to the exchange’s authorised support personnel. The exchange committed to providing a detailed update regarding the situation before the end of the 24-hour period.

The incident demonstrates how challenging it remains to control and monitor the crypto marketplace. The investigation of abnormal trading continues to identify its underlying cause while market-making algorithm bugs stay under investigation. To safeguard user funds Bitget will develop improved risk control systems and additional security measures. 

Highlighted Crypto News Today: 

‌Buterin Proposes RISC-V for Ethereum’s Execution Layer to Boost Efficiency