[edgeX Releases Report on EDGE Token Flash Crash Incident, Will Provide Goodwill Compensation Based on Actual Losses] June 3 News: The official edgeX team released a report on the abnormal price fluctuations of the EDGE token, stating that at the time of the incident, the active liquidity in the main on-chain trading pool on PancakeSwap was approximately $1.25 million. Within just one minute at 13:12 on June 2, 2026, a total of 174 addresses submitted sell orders for EDGE to the PancakeSwap trading pool. During this minute, the sell volume surged about 10 times compared to the previous few minutes (approximately 159,000 EDGE across 354 sell orders), causing the price to fluctuate by 23% within just one minute. The price of EDGE plummeted from $1.12 to approximately $0.32 within about an hour, triggered by concentrated selling from multiple addresses during a period of low liquidity, compounded by high-leverage long liquidations and CEX-linked interactions, resulting in a flash crash. The team’s addresses did not undergo any changes during this period. edgeX stated that it will enhance market-making and liquidity measures and has set up an on-chain bounty of 200,000 USDC to trace addresses associated with the attack. Additionally, for users who incurred actual realized losses due to forced liquidations or stop-loss triggers on EDGE long positions in edgeX Perp V1/V2 during the specified time window, the platform will provide goodwill compensation based on the actual loss amount, with a cap of 100,000 USDC per person. Of this, 50% will be distributed in USDC within 7 days after review, and the remaining 50% will be distributed in EDGE based on the 7-day TWAP during the first week of April 2027.