edgeX: EDGE Price Abnormal Volatility Not a Security Incident, But Result of Market Manipulation by External Entity

BlockBeats News, June 2nd, edgeX issued an update regarding the abnormal price fluctuation of the EDGE token, stating that the edgeX protocol has not been compromised in any form. The incident was not a hack, exploit, or security breach.

edgeX stated that based on the information currently identified, certain external parties were engaging in intentional manipulation of the EDGE market price. The official statement noted that this event is related to market integrity rather than platform security and will be dealt with seriously.

edgeX is currently collaborating with relevant exchanges and platforms to investigate the cause of the incident and hold responsible parties accountable. The officials mentioned that a comprehensive update will be released after the investigation concludes.