edgeX says probes found no coordinated manipulation in 71% EDGE drop on June 2

edgeX said the EDGE token sank as much as 71% within hours on June 2 and that reviews by exchanges and market makers found no signs of coordinated manipulation. The firm attributed the move to thin on-chain liquidity, crowded longs, and liquidation spillovers into perpetual futures, and it unveiled a 200,000 USDC bounty plus voluntary goodwill payments for affected users.