Voxies (VOXEL), a lesser-known gaming token, unexpectedly soared by more than 200% in just one day on April 20 due to a suspected malfunction in Bitget’s trading system.

The glitch caused a sharp increase in trading activity, resulting in the VOXEL/USDT contract's volume reaching a staggering $12.7 billion, surpassing Bitcoin's volume on the same platform.

Reports indicate that the trading error on Bitget allowed some traders to make substantial profits, with some earning six-figure sums using minimal investment.

Following the incident, Bitget confirmed awareness of the irregular activity and initiated an internal investigation. The platform warned of potential temporary restrictions on affected accounts and encouraged users to seek assistance through in-app support.

Criticism arose within the crypto community regarding Bitget’s handling of the situation, particularly regarding the platform's safeguards and technical preparedness.

Moreover, the incident occurred as VOXEL was up for potential delisting on Binance's program. This event has raised concerns about market manipulation and centralized exchanges' inherent risks.

In summary, the spike in VOXEL's value highlights vulnerabilities in trading systems and the need for enhanced security measures to prevent such occurrences in the future.