Bitget has identified abnormal trading activity on the VOXEL/USDT perpetual futures contract that occurred on April 20, resulting in the suspension of accounts suspected of market manipulation. The exchange plans to roll back these accounts, withholding gains accrued during the irregular trading period. CEO Gracy Chen assured Cointelegraph that the issue affects individual traders and is not a platform-wide concern, emphasizing that user funds remain secure. Additionally, Bitget is set to announce a compensation plan for users who incurred losses due to this manipulation, backed by a $300 million protection fund. This incident has raised questions about exchanges’ responsibilities amid trading anomalies, drawing parallels to a previous event involving the Jelly-my-Jelly (JELLY) memecoin on the Hyperliquid platform, which saw drastic price fluctuations and resulted in backlash from traders for the platform's reactive measures.

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