Bitget Probes VOXEL Trading Surge, Initiates Trade Reversals

Bitget, a leading cryptocurrency derivatives exchange, is investigating an abnormal surge in the trading volume of VOXEL/USDT contracts. Within a 24‐hour period, VOXEL’s volume hit $12.71 billion, far outpacing Bitcoin’s $4.76 billion, which raised concerns over potential bot errors or market manipulation. The exchange confirmed that it detected unusual trading behavior and has temporarily restricted several user accounts as part of its risk control measures. Bitget has announced that the affected transactions will be reversed within the next 24 hours. Although the exchange has not yet clarified whether the discrepancy resulted from a technical glitch, such as a malfunctioning trading bot, or deliberate manipulation, the move has sparked debate among crypto community members regarding centralized risk control and its impact on platform trust. This announcement follows related news highlighting significant asset losses in altcoins, further intensifying market scrutiny.