Bitget Issues Statement on Abnormal Trading Activity of the VOXEL/USDT Contract Trading Pair

BlockBeats News, April 20th, Bitget released a statement regarding abnormal trading activities on the VOXELUSDT contract trading pair, stating: "On April 20, 2025, from 16:00 to 16:30 (UTC+8), abnormal trading volume and price fluctuations were observed on the Bitget platform's VOXELUSDT contract trading pair. Upon investigation, it was revealed that certain users engaging in what appeared to be market manipulation behavior triggered the platform's risk control system. Trading, deposit, and withdrawal functions for the relevant accounts have been temporarily suspended, with no impact on other users, and platform funds remain completely secure.

To maintain a secure and fair trading environment, Bitget will implement risk control measures on accounts involved in abnormal trading within the next 24 hours and restore restricted functions upon completion. Additionally, users who actively participated in VOXELUSDT contract trading from 16:00 to 16:30 on April 20 (UTC+8) and incurred losses in their positions will be offered a compensation plan. Please contact Bitget's official customer service to submit a ticket. Moving forward, Bitget will continue to enhance its risk control system, introduce additional security measures, and safeguard the interests of the majority of users."