How Two High-Frequency Traders Exploited an Exchange Loophole to Make $43 Millio

Market maker qntxxx, accused in Bitget's VOXEL incident, told Wu Blockchain that his two-person team made $43 million through about 100 sub-accounts by trading against the order book, not by exploiting bugs, and that the money rightfully belongs to them. Bitget says eight accounts linked to a professional arbitrage syndicate illicitly profited over $20 million and pledged to return recovered funds to users via airdrops. qntxxx said his team withdrew about $10 million, that Binance froze several hundred thousand dollars, and that they have hired a lawyer. Bitget says $38.31 million in abnormal profits were withdrawn before risk controls triggered.