Bitget Suspends Accounts Amid VOXELUSDT Trading Irregularities – Coincu

Bitget halted specific account functions on April 20, 2025, due to unusual trading activities with VOXELUSDT contracts.

This event underscores the exchange’s commitment to maintaining a secure trading environment, following suspect market manipulation.

VOXELUSDT Anomalies Lead to Bitget Suspensions

Bitget identified unusual trading volume and prices for the VOXELUSDT contract from April 20, 16:00 to 16:30 (UTC+8), prompting risk control measures. According to Bitget’s official statement, “During the period…the platform’s risk control system.”

The exchange temporarily suspended trading, deposit, and withdrawal functions for associated accounts. These accounts prompted Bitget’s risk control system after suspected manipulation. Other users remained unaffected, securing the platform’s funds.

Community reactions remain subdued, with no major disruptions in the VOXEL community. Bitget’s timely response appears to have mitigated potential unrest. Key leadership figures have yet to issue statements, emphasizing the incident’s handling through Bitget’s official support channels.

VOXEL Token Price and Market Stability Insights

Did you know? Exchange-based price manipulation actions can trigger automated risk systems, showcasing the ongoing challenges in crypto trading environments.

As of the latest update from CoinMarketCap, the VOXEL token is priced at $0.09, with a market cap of $22,637,832. With a 24-hour trading volume of $427,137,510, the token witnessed price changes of 68.07% in 24 hours and 287.41% over seven days. This activity portrays noticeable volatility in the token’s trading. The circulating supply stands at 243,378,399 VOXEL, while the maximum supply is 300,000,000. These figures reflect recent heightened market activity.

Insights from Coincu research suggest that stringent risk controls by exchanges like Bitget reinforce market trust, though they highlight ongoing challenges in safeguarding against market manipulation. Such actions signal a necessity for evolving security measures within cryptocurrency trading platforms.