- attack was done by external party
- edgeX did not sell any tokens from our side ( data verifiable onchain )
- goodwill payment cap per affected user 100K usdc ( check article for details )
In the early hours of June 2, 2026, the EDGE token experienced a severe and sudden price dislocation, dropping approximately 71% from around $1.12 to a low of roughly $0.32 within approximately one hour, before recovering and stabilizing in the $0.63–$0.71 range.
We believe this was a deliberate and targeted attack. The perpetrator appears to have exploited a combination of factors: thin on-chain DEX liquidity during low-activity trading hours, high leverage in perps, and cascading CEX liquidity conditions, engineered to trigger a flash crash.
We are actively in communication with the relevant CEXs to obtain accurate data on market maker activity and liquidity conditions at the time of the incident. Here is what our team is doing right now:
- Gathering evidence and reconstructing the full sequence of events, because we owe that clarity to ourselves, our users, and the broader market.
- We have posted a 200,000 USDC on-chain bounty for anyone who can identify the entity or entities behind the attacking wallet addresses, or provide information that materially assists in that identification. Please open a discord ticket. https://t.co/MXmJRJz8Te
We will share updates as meaningful findings emerge.
We're grateful for all partners and users supporting us in this difficult time.
We want to share an update on the irregular EDGE price movement and address any concerns about platform security directly.
The edgeX protocol were not compromised in any way. This was not a hack, exploit, or security breach.
What we have identified so far suggests deliberate attempts by certain external party to manipulate the market price of EDGE. This is a market integrity issue, not a platform security issue. We take it extremely seriously.
We are actively investigating and working with relevant exchanges and platforms to identify the cause and pursue accountability. A comprehensive update will follow once our investigation concludes.
Thank you for your continued support.
“Trade to Own” on edgeX V2 is live
Your trading fee comes back to you in $EDGE tokens. With 100% net profit buybacks, the program aligns the interests of the protocol, traders, and token holders.
Previously to be frank, the order size limits were quite small and restrictive but it all changes today. ATTENTION to all mid-sized whales.
The trading parameters for BTC, ETH, and SOL. The specific updates are as follows:
BTCUSDC
Maximum Single Market Order Size: 15 → 40
Maximum Single Limit Order Size: 20 → 100
Maximum Position Limit: 150 → 300
ETHUSDC
Maximum Single Market Order Size: 400 → 600
Maximum Single Limit Order Size: 600 → 1,500
Maximum Position Limit: 4,000 → 6,000
SOLUSDC
Maximum Single Market Order Size: 7,000 → 6,000
Maximum Single Limit Order Size: 13,000 → 15,000
Maximum Position Limit: 50,000 → 60,000
Previously what we had was V1 ( version 1)
now we have V2
- isolated mode
- more order types such as TWAP
- order latency under 100ms
- peak throughput at 300k orders/s
- and much more
Try it now: https://t.co/faD7imNEl4
edgeX V2 is live.
V2 is a full rebuild on EDGE Chain. Better safety, performance, and transparency for 24/7 global assets trading.
Here's what's new:
Performance Upgrade: Order latency under 100ms. Peak throughput at 300,000 orders per second. The matching engine was rewritten for lower latency and higher capacity.
Product Upgrade:
· Professional feature: Isolated margin mode and TWAP orders are now live. Perpetuals system has been broadly optimized.
· Security: Deposit and withdrawal flows now require explicit reauthorization before re-withdrawal.
· User Experience: Web and mobile are both updated. Cleaner UI, reduced onboarding friction.
Infrastructure Improvement:
· @arbitrum rollup for settlement and security
· @circle CCTP for native USDC cross-chain deposits
· @privy_io for self-custody and onboarding
new chain, new engine, for global asset, 24/7 trading.
edgeX, unlock your trading edge.
https://t.co/jr9C5GhJhT
we are here for the long game, the big game, so everything needs to be as transparent as possible.
- tokenomics, how long is vesting, when unlock, etc
- how much is spent on buybacks
- and much more
edgeX Transparency Act
At edgeX, we are committed to transparency and verifiability.
Today, we launched the official EDGE Token Page, covering token allocation and our buyback program in detail.
We'll continue improving and expanding our transparency scope, allowing everyone to trace and verify data, and your voice matters. Share your suggestion and feedback on our Discord, each one will be reviewed directly by the team.
The Testing Incentive & Bug Bounty Program will close on May 25, 2026 at 00:00 UTC.
Fee rebates and Bug Bounty rewards for all valid submissions will be distributed within 48 hours of the program's conclusion.
The V2 production launch is on the horizon. Thank you to every participant who tested and provided feedback during the beta. Your contributions made a difference.
Get ready for V2.
MAIN POINTS:
1. ZERO FEES. All trading fees incurred across V2 trading pairs during the beta period will be fully rebated. Good chance to try out some funky strategies
2. even low level feedback submitted might be eligible for a $10 rewards, such as UI/ text errors, etc. Use V2 and give us as much feedbacks and comments as possible. to help us make this even better.