Bitget Obligated to Compensate Users Due to Unintentional VOXEL Price Surge
During the weekend, the VOXEL value disrupted conventional cryptocurrency wisdom for reasons murkier than purchasing items on Canal St at 3 am.
This gaming cryptocurrency, subtly linked with Voxie Tactics on Polygon, illuminated the charts with a 70% surge in just 24 hours. Its price soared by 200% at its peak, with trading activity surpassing Bitcoin on Bitget. No announcements or partnerships sparked this rise. It was purely the chaotic aftermath of a malfunctioning trading bot.
The Bitget Glitch That Caused the Voxel Price Spike
VOXEL’s astonishing increase was not the result of a strategic trading market movement or innovative breakthrough. The absolute chaos instigated by a Bitget trading bot obliterated normalcy. A glitch in the bot locked it into a feedback loop, trading back and forth between $0.125 and $0.138, sending both volume and price soaring to ridiculous heights.
On-chain opportunists seized the moment; for a minimal amount, some exited with six-figure gains. One investor frankly remarked, “Bitget’s market-making bot has a bug,” after turning $100 into a windfall.
People withdrawing funds from bitget following voxel bug , from which users made millions . pic.twitter.com/wkPeXd5uvi
— Smartmoney_Detective (@NaveenCypto) April 21, 2025
Bitget’s response to the situation commenced swiftly, with commitments to reverse trades and compensate affected users. However, the crypto community was skeptical.
Whispers circulated regarding halted withdrawals during the bug incident, especially among users in China. Critics voiced greater concern over the fundamental flaws revealed by the glitch, showcasing shockingly inadequate trading controls that raised questions about the platform’s reliability.
Implications for VOXEL Crypto
The VOXEL bull run proved to be fleeting—a mere flash. Values plummeted back to $0.10, leaving traders questioning whether the spike was a frantic attempt to avoid a Binance delisting or merely a random glitch. Who can say?
In technical terms, the tokens remain trapped in a downtrend trend, with elevated RSI levels sowing doubt. While $0.10 serves as a base level level, there’s little in the way of assurance for VOXEL regarding lasting momentum.
VOXEL’s collapse not only tarnished Bitget’s reputation; it also illuminated red flags for all centralized exchanges. Delicate infrastructures and lax risk management protocols aren’t merely concerns; they’re ticking time bombs.
DISCOVER: Top Meme Crypto token ICOs to Consider in April 2025
Join The 99Bitcoins News Discord Here For The Latest Crypto market Insights
Key Takeaways
- The Voxel gaming cryptocurrency, subtly linked with Voxie Tactics on Polygon, illuminated the charts with a 70% increase in 24 hours. At its peak, its value had surged 200% due to a glitch.
- A bot malfunction locked it into a feedback loop, trading and retrading between $0.125 and $0.138, heightening volume and price into excessive levels.
- Bitget’s efforts at damage control began swiftly, promising reversed trades and payouts for users affected.
The post Bitget Compelled to Reimburse Users Due to Unintentional VOXEL Price surge appeared first on 99Bitcoins.
