edgeX: EDGE Abnormal Volatility is Due to External Manipulation, Not a Platform Security Incident

Odaily reported that edgeX released the latest statement on the abnormal price volatility of the EDGE token, stating that the protocol has not been attacked in any form, and that this incident was not caused by a hacker attack, exploit, or security vulnerability.

edgeX stated that currently available information indicates this abnormal volatility was caused by certain external parties deliberately manipulating the market price of EDGE. This is a matter of market integrity, not a platform security issue.

The team stated that it is actively cooperating with relevant exchanges and partner platforms in the investigation. A more comprehensive incident report will be published after the investigation is complete.