EdgeX Token Crash Triggers Calls for Transparency from Blockchain Investigator

EdgeX's token, EDGE, suffered a severe decline in value last week, with a loss of around 70% within a short period. The decentralized derivatives exchange posted two statements on X, claiming that the crash was caused by external market-price manipulation.

ZachXBT, a blockchain investigator, has called out EdgeX for not providing sufficient information about the incident. In a statement, he emphasized the need for transparency and demanded that EdgeX reveal the names of the counterparties involved in the alleged market manipulation.

EdgeX's explanation has been met with skepticism by its community, with many users expressing their dissatisfaction through comments on X. The project has yet to provide any further information or publish an incident report as promised.