TechFlow reports that on June 3, edgeX released a statement regarding the abnormal price fluctuation of $EDGE that occurred in the early hours of June 2, 2026. According to the statement, this incident constituted an attack targeting the $EDGE token price. The edgeX protocol remained fully operational throughout, and user assets were secure at all times. On-chain verification confirms that the team’s wallet addresses did not engage in any selling, price manipulation, or other improper activities.
edgeX announced it will provide goodwill compensation to users who incurred actual realized losses due to forced liquidations or stop-loss triggers on their $EDGE long positions in edgeX Perp V1 and V2 between 04:50 and 06:00 (UTC+8) on June 2. Each eligible user will receive up to $100,000 USDC in compensation. The compensation will be disbursed in two installments: 50% in USDC within seven days after verification, and the remaining 50%, calculated based on the 7-day TWAP of $EDGE, will be distributed in EDGE tokens during the first week of April 2027.
