Bitget Takes Legal Action Over Alleged $20M Manipulation of Gaming Tokens

Crypto exchange Bitget is taking legal action against eight accounts it accuses of manipulating VOXEL token trading and profiting more than $20 million during a trading surge on April 20.Bitget’s Chinese representative, Jiayin Xie, said on Victoria, Seychelles-headquartered Bitget said it will distribute all recovered funds to its users through an airdrop.The announcement follows an episode last week when the price of VOXEL—the native token of Polygon-based game Voxie Tactics—exploded in volume. The price surged by more than 560% compared to 48 hours earlier, increasing from $0.021 to $0.139. It is currently trading at $0.074, according to On the same day, Bitget While Bitget says most users were unaffected, the exchange still hasn’t disclosed who exactly was behind the activity or what technical issues allowed it to happen. “We will release a complete report on the VOXEL incident as soon as possible,” Xie added.  On X, crypto traders have pointed to a Chinese language accounts also Hyperliquid was forced to delist its JELLY perpetual futures after a liquidation exploit in March. In another incident, Binance also recently expelled two market makers tied to price crashes in GPS, SHELL, and MOVE tokens. Xie Bitget did not immediately respond to a request for comment.Edited by Sebastian Sinclair