Catenaa, Thursday, April 24, 2025-Crypto exchange Bitget has announced plans to roll back trades and compensate users following what it described as “abnormal” trading activity in its perpetual futures market for VOXEL, the native token of the Polygon-based game Voxie Tactics.
On Sunday morning, the VOXEL token, ranked 723rd by market capitalization, saw a significant surge in trading volume — surpassing that of Bitcoin — as its value jumped over 300% within a week. The abnormal activity triggered Bitget’s risk-control systems, prompting an investigation into potential market manipulation by certain accounts.
The surge in volume came amid reports of users making substantial profits from minimal investments. One such user on X (formerly Twitter) claimed to have turned a small amount of money into six-figure returns, speculating that a bug in Bitget’s market-making robot was the cause. However, with the planned trade rollback, those profits will likely be reversed.
Bitget confirmed that it would roll back all trades in the affected market and offer compensation to users who experienced losses due to the irregular activity. The exchange has promised to issue a detailed update within 24 hours.
