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EdgeX offers refunds and launches 200,000 USDC bounty after 71% token flash crash
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EdgeX offers refunds and launches 200,000 USDC bounty after 71% token flash crash
EdgeX says 174 addresses flooded a PancakeSwap pool with EDGE token sell orders during a period of low liquidity, causing a price crash that triggered perps liquidations and cascading sales.The platform is now offering to reimburse edgeX Perp V1 and V2 users for their losses.Crypto sleuth ZachXBT has raised questions about the concentration of EDGE token ownership and the legitimacy of the team’s internal investigation, though edgeX denies all wrongdoing.
2026-06-04 Source:theblock.co
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