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bitget Glitch Spotlights Risks in Centralized Crypto Exchanges, Voxel Token
A recent trading anomaly on the Bitget exchange involving the Voxel token has ignited debate about security and trust within the cryptocurrency market.
An apparent glitch on the Bitget cryptocurrency exchange thrust the little-known gaming crypto token, Voxel, into the spotlight. The incident saw the Voxel price surge by over 200% within a day, accompanied by an explosive increase in trading volume, according to reports.The surge allowed some traders to capitalize on the error for substantial profits, but the event has raised serious questions about the security and reliability of centralized crypto exchanges.
The surge drew attention across the crypto sector, especially given that Voxel is a relatively obscure free-to-play blockchain game token with a market capitalization of less than $30 million before the incident.
Exploiting the Bitget Bot
According to on-chain analyst “Dylan,” a Bitget bot was repeatedly executing crypto trades within a narrow price range of $0.125 to $0.138. Traders quickly recognized this pattern and exploited the bot, using as little as $100 to generate profits in the six-figure range, reports indicate.
Reports suggest that the errors allowed some
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