Bitget accuses "professional arbitrage" group of profiting $20 million from VOXEL market manipulation

After trading — and prices — surged in Bitget's market for the thinly traded video game token VOXEL, the company has accused a "professional arbitrage" group of "improperly" profiting $20 million from manipulating the market. A Bitget executive stated on Twitter that they had issued legal demands to eight accounts they said were responsible for "instigating" the unusual trading activity. "Bitget will legally pursue 8 accounts suspected of profiting $20 million from VOXEL trading manipulation" , The Block

Apr 28, 2025 - 20:31
 0
Bitget accuses "professional arbitrage" group of profiting $20 million from VOXEL market manipulation
Turquoise carets pointing left and right, followed by "bitget" in turquoise

After trading — and prices — surged in Bitget's market for the thinly traded video game token VOXEL, the company has accused a "professional arbitrage" group of "improperly" profiting $20 million from manipulating the market. A Bitget executive stated on Twitter that they had issued legal demands to eight accounts they said were responsible for "instigating" the unusual trading activity.