The post Bitget Suspends Accounts Amid VOXELUSDT Trading Irregularities – Coincu appeared on BitcoinEthereumNews.com.

Key Points: Bitget suspends accounts over VOXELUSDT trading concerns. Temporary suspension due to suspected market manipulation. Compensation plan offered for affected traders. 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. Voxies(VOXEL), daily chart, screenshot on CoinMarketCap at 22:08 UTC on April 20, 2025. Source: CoinMarketCap Insights from Coincu research suggest that stringent risk controls by exchanges like Bitget reinforce market trust, though they highlight ongoing challenges in safeguarding against…

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Filed under: News - @ April 20, 2025 10:12 pm