edgeX: EDGE Abnormal Fluctuation Caused by External Manipulation, Not Platform Security Incident

Odaily news, edgeX released the latest statement on the abnormal price fluctuation of the EDGE token, stating that the protocol has not suffered any form of attack. This incident was not caused by a hacker attack, exploit, or security vulnerability.

edgeX stated that based on currently available information, this abnormal fluctuation was caused by the deliberate manipulation of EDGE's market price by certain external parties. It is a market integrity issue, not a platform security problem.

The team said it is actively investigating with relevant exchanges and partner platforms and will publish a more comprehensive incident report after the investigation is completed.