Bitget has initiated compensation for users impacted by a trading glitch involving VOXEL/USDT perpetual contracts, following unusual price action on April 20.

Bitget froze suspicious accounts and reversed trades after VOXEL's explosive price movement signaled potential market manipulation.

A little-known VOXEL trading pair on cryptocurrency exchange Bitget suddenly clocked over $12 billion in volume on April 20, dwarfing the metrics of the same contract on Binance.The activity centered on VOXEL/USDT perpetual futures, where traders reported instant order fills — an anomaly many described as a bug that allowed savvy traders to rack up outsized profits by exploiting unusual price behavior. The atypical metrics drew Bitget's attention.

TL;DR Bitget detected unusual behavior in the VOXEL perpetual futures market and announced the reversal of affected trades and compensation for impacted users. The token, tied to a blockchain role-playing game, momentarily surpassed Bitcoin in trading volume. The measure seeks to protect market integrity and strengthen confidence in centralized exchange environments.

As overall trading volumes across centralized and decentralized crypto platforms fall to six-month lows, Bitget is investigating suspicious VOXEL futures activity.

One user reported making a six-figure profit from an initial investment under $100, but the exchange plans to roll back the trade.

A relatively unknown gaming token, VOXEL, went up by more than 50% in the past 24 hours after a malfunction on BitGet caused the VOXE/USDT perpetual contract to surpass that of Bitcoin. The incident has raised concerns about market manipulation on centralized exchanges.

Several altcoins are posting massive gains despite Dogecoin's downward trend, with Voxies (VOXEL) and Broccoli leading with triple-digit increases over the past 24 hours. Voxies has surged 178.8% in the last 24 hours, trading at $0.

Voxies (VOXEL), a little-known gaming token, surged by over 200% within 24 hours on April 20 following a suspected malfunction in Bitget's trading system.

Binance, the world's largest cryptocurrency exchange, has recently wrapped up the second round of its “Vote to Delist” campaign, stirring concerns across the crypto market. This campaign allows users to vote on whether certain altcoins should stay listed on the platform.

Binance has launched the second round of its Vote to Delist campaign, inviting users to vote on whether 17 tokens with the “Monitoring” tag should be removed from the platform.

Binance, one of the world's leading crypto exchanges, today made a significant announcement on Voxies (VOXEL), the native utility token of Voxie Tactics. As per an official release, the crypto exchange is now launching futures trading for the token.

Investing in cryptocurrencies has turned small amounts into significant profits for many. Some investors have made fortunes by finding promising altcoins early or holding onto them until they surged.

Coinbase recently issued a public announcement on the addition of a new token into the listing plan for their cryptocurrency exchange. This particular Coinbase news comes as a direct result of the exchange's primary mission, which is to serve as a connection to Web3.