edgeX: EDGE Price Abnormal Volatility Not a Security Incident, But Result of Market Manipulation by External Entity

On June 2nd, edgeX released an update addressing the abnormal price fluctuations of the EDGE token. The company clarified that the edgeX protocol has not been compromised in any form—this incident is not a hack, exploit, or security breach. According to the information identified so far, certain external parties are intentionally manipulating the EDGE token’s market price. The official statement notes this event relates to market integrity rather than platform security, and edgeX will handle it seriously. Currently, edgeX is collaborating with relevant exchanges and platforms to investigate the incident’s cause and hold responsible parties accountable. Officials added that a comprehensive update will be published once the investigation is completed.