Bitget takes legal action on alleged VOXEL futures price manipulation
Bitget CEO Gracy Chen told Cointelegraph at the time that the trades involved in the incident were between individual market participants and not the platform itself.
Crypto exchange Bitget says it is sending letters from its lawyers to account holders it alleges were involved in manipulating the price of perpetual futures contracts tied to the VOXEL token.
Eight account holders that the exchange accuses of being involved in the April 20 incident and who allegedly pocketed $20 million between them will receive a letter from the exchange’s lawyers in “quick succession,” Xie Jiayin, Bitget’s head of Chinese operations, said in an April 27 X post.
“These eight accounts are the main instigators of the VOXEL incident and have improperly gained more than 20 million US dollars from it,” she said, according to a translation of the post.
