EdgeX offers $200K USDC bounty for info on attacker behind 71% crash

Decentralized derivatives exchange EdgeX announced on its official X account that it is offering an on-chain bounty of 200,000 USDC for information that can identify the attacker responsible for a 71% crash in its native EDGE token yesterday. The exchange stated the incident was a deliberate and targeted attack, explaining that the perpetrator combined on-chain DEX liquidity during a period of low trading activity, high-leverage perpetual futures, and CEX liquidity to induce the flash crash. Meanwhile, allegations of insider dumping have surfaced in Telegram and X communities, with users pointing to evidence of EDGE tokens being transferred from an official team address to an exchange.