Breaking News: Bitget Exchange's Glitch Leads to Huge Losses, and Users Make a Fortune Overnight?

On April 20, 2025, a price anomaly occurred in the VOXEL contract trading pair on the cryptocurrency exchange Bitget, resulting in a surge in abnormal trading volume and some users making millions of dollars in a short time by taking advantage of a bug.

 

Let's take a look at what happened.

 

At around 16:00 (UTC) on April 20, 2025, the VOXEL/USDT contract trading pair on Bitget experienced abnormal price fluctuations.(All the pictures are from X)

According to user feedback and community discussions on the X platform, it is suspected that the exchange's market-making robot had a technical malfunction, causing the price-matching mechanism to fail.

 

Some users found that in the VOXEL contract trading, an order to go long at $0.0135 and set a take-profit at $0.0148 was almost instantly filled by the robot at an abnormal speed and triggered the take-profit.

 

This kind of operation is almost impossible under normal market conditions, suggesting that there is a loophole in the system.

The trading volume of the VOXEL contract soared to the "tens of billions level" in a short time, far exceeding the normal trading scale, indicating the concentrated outbreak of abnormal trading behavior.

To prevent the outflow of funds, the exchange suspended the withdrawal function of VOXEL-related accounts shortly after the incident. Bitget urgently restricted the withdrawal channels to assess losses and prevent further risks.

 

According to the latest news, Bitget announced that it will roll back the abnormal transactions within 24 hours.

This incident has had a significant impact on Bitget's reputation.

 

Some users on the X platform joked that Bitget's official staff once commented that the handling of the price anomaly in the JELLY trading pair on the Hyperliquid exchange was immature, unethical, and unprofessional.

And it hasn't been long since the JELLY incident, and a similar incident has occurred on Bitget.

 

Some netizens said that this is a "boomerang hitting right in the middle of the forehead".

What do you think of this matter? Please tell me in the comment section.