Bitget launched a remuneration for users affected by a negotiation problem involving Voxel / USDT perpetual contracts, following an unusual price action on April 20.
On April 22, Bitget announced that transaction withdrawals and account recovery had been “essentially completed” and that compensation for users who underwent losses during the Voxel / USDT Perps incident was underway. The exchange also noted that he produced a secondary internal examination in response to the complaints of users concerning deductions of incorrect costs and inaccurate calculations on profit and loss after turning back.
The Voxel / USDT Perps incident started around 8 a.m. on April 20 when the game of play gaming more than 200% in just 30 minutes. The peak briefly made by Voxel the most exchanged asset on Bitget, its daily negotiation volume exceeding that of Bitcoin (BTC), because its price action varied closely between $ 0.125 and $ 0.138 before peaking at $ 0.1645.
Due to the suspected activity of merchants, orders for this price range were executed instantly. Under normal conditions, perpetual term contracts are based on a order book where each job requires a counterpart. In this case, however, the professions seemed to bypass this process, automatically executing without delay.
In response, Bitget suspended trade on the Voxel / USDT contract and frozen several accounts involved in abnormal activity. Although the exchange assured users that the incident was not caused by a system system or an internal failure, it has not yet revealed who was responsible for the Voxel’s term activity of April 20.
Voxel is the native token of Voxie Tactics, a free tactical RPG, which works on the polygon blockchain (Matic) and works both as a utility token and a currency in play, playing a key role in the game reward system and the overall economy.
Beyond the Bitget incident, Voxel was recently under the spotlight, emerging as one of the most trendy tokens on CoinMarketcap and Coingecko during the weekend due to its explosive price action-The token is skyrocketed from only $ 0.02 on Friday at an intraday height of $ 0.17 on Sunday, marking a pump of 750% intraday. However, it has since fallen at $ 0.06, but up 200% compared to its lowest on Friday.
