Voxies (VOXEL) Token Price Soars 200% After Bitget (BITGET) Bot Glitch Allows Users to Scoop Free Money

Today, April 20, Voxies (VOXEL), an upcoming crypto gaming token, rose by more than 200% in the last 24 hour after an alleged glitch reported in the Bitget's trading network.

Crypto gaming token Voxies (VOXEL) saw its price surge more than 200% in the last 24 hours, as reported by Benzinga. The token’s sudden price spike was noticed by several crypto traders on social media.

What Happened: Today, April 20, crypto traders noticed a unusual trading activity on Bitget’s trading network. As the trading volume on the VOXEL/USDT contract skyrocketed to $12.7 billion, it quickly outpaced Bitcoin’s trading volume which stood at $4.76 billion on the same network.

For perspective, VOXEL is a relatively little-known crypto gaming token, with a market value less than $30 million.

According to technical crypto analyst Dylan, a faulty Bitget trading bot was the cause of this problem. The bot repeatedly settled trades in a tight price level of $0.125 and $0.138, allowing shrewd investors to generate six-figure profits using as little as $100 investment.

As seen on technical crypto analyst Dylan’s analysis, the malfunction enabled some traders to withdraw USDT worth tens/hundreds of thousands of US dollars within few hours.

Another user who responded to this matter was Bitget’s Chinese head Xie Jiayin. Today, he posted on X that Bitget is aware of the unusual trading behavior in the VOXEL/USDT contract trading pair.

He stated that the trading platform is currently conducting internal investigations and will give out more updates promptly. The exchange further mentioned that the affected wallets may be temporarily restricted, advising customers to reach out to Biget’s online customer service for further help. He finally clarified that currently all of Bitget’s functions, including withdrawals, deposits, and trading, operate normally.

We are aware of the abnormal trading behavior of VOXEL/USDT contract trading pair, and our colleagues are investigating it. We will keep you posted on the latest updates. Also, part of the accounts may be temporarily restricted by the platform's internal risk control system. If you have any questions, please feel free to contact Bitget App online customer service for assistance. Currently, Bitget's withdrawal, deposit and trading functions are operating normally.

Multiple crypto users expressed their dissatisfaction toward this issue, with many criticizing Bitget’s internal security and technology capability. The harsh backlash came just a week after crypto investor sentiment blew following Mantra’s OM token crash on Sunday, April 13.

Today’s Biget’s VOXEL/USDT trading slippage and Mantra’s recent token crash highlight fragmented liquidity issues within the crypto market. Without adequate solutions to such concerns, greater disastrous volatilities are set to trigger more tokens’ crashes similar to previous unexpected crises like the Terra-Luna collapse.