bounty

EdgeX Crisis Response: 200K USDC Bounty and Refund Program Follows Catastrophic 71% Flash Crash

EdgeX, a decentralized derivatives exchange, suffered a severe flash crash wiping out 71% of its native token value, prompting an emergency response that includes a 200,000 USDC community bounty and a voluntary refund initiative. The incident underscores persistent liquidity and market manipulation vulnerabilities in low-cap DeFi tokens. Crisis management transparency may determine whether the project retains institutional and retail confidence.