Crypto Exchange Bitget has announced that it will take legal steps against eight users who are accused of benefiting more than $ 20 million from a trade flow in which the Voxel -token is involved.
On April 27, Bitget’s Executive Xie Jiayin stated that the individuals were part of a coordinated “Wool Pulling Interest Group” that used a vulnerability of the system.
He written:
‘Bitget shall problem 8 lawyers letters in Follow -up. These 8 accounts are probably part of a related professional Wol-Pulling Interest Group, which is the most important instigator of this Voxel incident and incorrectly benefited more than 20 million USD. “
Bitget did not give any further information about the group or the individuals.
On April 20, Voxel, a less well -known gaming smoking, saw his price rise by more than 200% after a technical error disrupted the trading activities on Bitget. This unexpected event drove the daily trade volume of the Voxel/USDT contract to almost $ 13 billion, so that the volume of Bitcoin on the exchange for the same day was darkened.
Industry experts noted that the traders were able to make some traders to earn enormous profit with the help of small investments of less than $ 100.
After the incident, Bitget said that the irregular trade behavior detected and temporarily froze the accounts. The exchange later reversed the abnormal transactions in an attempt to recover the illegal profits.
Compensation plans
Bitget has promised that all funds found from the incident will be completely redistributed among affected users via an AirDrop program.
Jiayin said:
‘The recovered funds shall are 100% divided Unpleasant platform user in the form by airdrops Through Bitget. “
In addition, the platform assured its community that users who traded UTC on legitimate Voxel on April 20 between 16:00 and 16:30 on April 20 and that their money would not be punished.
Looking ahead, Bitget plans to publish an extensive report on the incident. The report is intended to offer transparency and to strengthen confidence in his community.
In the meantime, the drama around Voxel made it one of the best performing gaming tokens last week, according to facts Daily compiled by Web3 games. According to CryptoSlate’s Data, the digital active has fallen by 2% to 0.07 from the moment of press.