The VOXEL surge on April 20, 2025, stemmed from a malfunctioning bot on Bitget that executed trades in a narrow price range, allowing traders to exploit the situation for significant gains. This incident prompted internal investigations amidst growing concerns about the platform’s technical safeguards.
In response to the trading irregularities, Bitget confirmed awareness of the anomaly and launched an internal investigation. The crypto community has criticized Bitget’s hybrid custody model and handling of the incident, questioning the platform’s reliability in safeguarding user transactions.
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