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Bitget

Apr 20, 2025

$100M
Lost
$100M
Recovered
$0
Net loss
$100M
Unrecovered0% recovered

Bitget's market-making bot on the VOXEL/USDT futures pair malfunctioned on April 20, 2025, entering a predictable buy-low/sell-high loop. Traders exploited the pattern with high leverage to extract ~$100M before Bitget froze accounts and rolled back trades.

Target
CEX
Classification
Market Manipulation
Technique
Market Maker Bot Exploited
Attribution
Unknown
Chains

Event timeline

  1. Apr 20, 2025
    Exploit executed — $100M drained via market maker bot exploited
  2. Attributed to Unknown
  3. Recovery status Unrecovered 0%

Data credits

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