Audit log

Every state-changing event for EdgeX / EDGE Token: moderation decisions on community submissions, plus corrections and updates from the news pipeline. URL-based decisions carry three independent witnesses — the original source, an Internet Archive snapshot taken at submission time, and a Solana memo signed by our publicly-disclosed publisher key.

1. #1publishby system:backfill

   2026-06-04 12:06:10Z
   Score: ? → ? (no score change)
   anchoranchored

   chain

   ●mainnet-betaslot 424,240,273

   sig

   4S9vXzEMyFcF…Bw6Mx55Jcopyexplorer ↗

   hash

   AgGexrdhjd9P…Af2LFEQYcopysha256 → base58

   verifying row…full verify ↗

   canonical bytes (29016 B) ▸

   {"actor":"system:backfill","investigation_id":"733812be-9136-46c6-bfea-54ed316fe98e","kind":"publish","page_slug":"edgex-edge-token","published_at":"2026-06-04T12:06:10.860Z","sequence_num":1,"snapshot":{"content_type":"investigation","entity_name":"EdgeX / EDGE Token","sections":[{"content":"edgeX is a decentralized perpetual derivatives exchange that combines off-chain order matching with on-chain settlement, targeting sub-10 millisecond execution and up to 100x leverage while maintaining self-custody through forced-withdrawal smart contracts. The project was formally established in March 2024 and incubated by Amber Group, a Hong Kong-based digital asset management and market-making firm that manages over $3 billion in assets and serves more than 2,000 institutional clients. edgeX launched its testnet and V1 in August 2024. The platform operates on its own EDGE Chain, an Ethereum-based Layer 2 architecture. In February 2026, Circle Ventures made a strategic investment in edgeX ahead of the EDGE token launch, planning to integrate native USDC and Circle's Cross-Chain Transfer Protocol (CCTP) on the EDGE Chain. edgeX co-founder Kevin Wang disclosed the investment to The Block but declined to reveal the investment structure, valuation, or whether Circle took a board seat. As of early 2026, edgeX reported more than 295,000 users, approximately $5 billion in daily trading volume, and around $1 billion in open interest. The team numbers approximately 40 employees and is described as having backgrounds at Morgan Stanley, Barclays, Goldman Sachs, and Bybit.","heading":"Platform Background","severity":"low","sources":[{"credibility":2,"name":"What Is EdgeX Exchange: Complete Beginners Guide - Coin Bureau","type":"research","url":"https://coinbureau.com/review/what-is-edgex-exchange"},{"credibility":2,"name":"Circle Ventures invests in edgeX ahead of token launch, plans USDC on EDGE Chain - The Block","type":"news_article","url":"https://www.theblock.co/post/389202/circle-ventures-edgex-token-launch-usdc-edge-chain"},{"credibility":2,"name":"edgeX: The Disruptor of the Centralized Derivatives Trading Landscape - GlobeNewswire","type":"official","url":"https://www.globenewswire.com/news-release/2024/09/13/2946170/0/en/edgeX-The-Disruptor-of-the-Centralized-Derivatives-Trading-Landscape.html"}]},{"content":"The EDGE token launched at Token Generation Event (TGE) on March 31, 2026, with a hard-capped supply of 1 billion tokens and an initial circulating supply of approximately 350 million (35%). The TGE allocation included 25% of total supply distributed as a Genesis airdrop, fully unlocked at launch, plus 5% from a Pre-TGE Season, unlocked 24 hours after TGE. Listings on major exchanges including OKX and Kraken followed in early May 2026. Within days of the airdrop, on-chain data surfaced by Arkham Intelligence and analysts including Onchainschool raised concerns about the distribution. On-chain analytics allegedly showed that approximately $195 million worth of EDGE tokens had concentrated in wallets linked to the team, with roughly $90 million sent to more than 80 fresh addresses. According to one analysis, 14% of the total supply — approximately 141,658,500 EDGE worth around $94.6 million — was directed to partners and liquidity providers rather than community users, accounting for nearly half of the declared airdrop total. Some analysts alleged that as little as 9.5% of total supply was genuinely circulating in the open market. In response to community backlash, edgeX voluntarily transferred the disputed 141,658,500 EDGE into an OpenZeppelin-audited VestingWallet contract with a one-year lock period (unlock approximately April 2027) and launched a buyback-and-burn program funded by protocol trading fees, reportedly purchasing and burning over $2 million worth of EDGE. Community response to these remediation steps was mixed, with many participants remaining skeptical about the transparency of the original distribution.","heading":"EDGE Token Launch and Airdrop Controversy (March–April 2026)","severity":"high","sources":[{"credibility":2,"name":"Is EdgeX Airdrop A Scam? Insider Allocation Revealed - CoinGabbar","type":"news_article","url":"https://www.coingabbar.com/en/crypto-currency-news/edgex-airdrop-195m-distribution-sparks-transparency-scam-debate"},{"credibility":2,"name":"$195M EdgeX airdrop sparks backlash: What it means for EDGE prices - AMBCrypto","type":"news_article","url":"https://ambcrypto.com/195m-edgex-airdrop-under-fire-what-it-means-for-edge-prices/amp/"},{"credibility":2,"name":"EdgeX Airdrop Controversy: $195M EDGE Token Distribution Sparks Community Backlash - Gate News","type":"news_article","url":"https://www.gate.com/news/detail/arkham-edgex-airdrops-195-million-with-nearly-half-of-the-tokens-flowing-to-19951908"},{"credibility":2,"name":"The EdgeX airdrop has been accused of sending nearly half of its supply to partners and LPs - PANews","type":"news_article","url":"https://www.panewslab.com/en/articles/019d46fe-51b3-735c-82e5-21c5249c86fb"},{"credibility":3,"name":"EdgeX Launches Crucial EDGE Token Buyback Initiative Following Distribution Controversy - Dailyhunt","type":"news_article","url":"https://m.dailyhunt.in/news/india/english/bitcoin+world+news-epaper-btcinwld/edgex+launches+crucial+edge+token+buyback+initiative+following+distribution+controversy-newsid-n706870038"}]},{"content":"On June 1–2, 2026, the EDGE token experienced a catastrophic price collapse. The sell-off began at approximately 9:00 p.m. UTC on June 1, 2026. Within roughly 60 seconds, EDGE fell from approximately $1.26 to a low of $0.31, a decline of approximately 77%, erasing more than $220 million in market value. A brief recovery bounce to approximately $0.72 did not hold. The collapse was observed across all major venues where EDGE traded: Binance, OKX, Bybit, Bitget, Gate.io, and edgeX's own perpetual markets. Combined sales volume across these venues exceeded $140 million within one hour. Total liquidations in the first four hours reached approximately $2.81 million ($1.96 million longs, $849,000 shorts), and 24-hour trading volume spiked 1,645% to roughly $138 million. Forensic on-chain analysis identified 174 wallet addresses executing coordinated sell orders within a single 60-second window during a low-liquidity period. At the time, the primary PancakeSwap liquidity pool for EDGE held approximately $1.25 million in liquidity, rendering the pool highly vulnerable to coordinated pressure. The initial on-chain selloff triggered a 23% price drop, which cascaded into broader liquidations across centralized exchange perpetual markets due to a reported 68.2% long-short ratio (heavily skewed toward longs). On-chain analyst givenoxbt separately identified approximately $1.6 million in liquidity withdrawn from edgeX's SpotVault around the same period, describing it as a 'market maker farewell treatment.'","heading":"The June 2, 2026 Flash Crash","severity":"critical","sources":[{"credibility":2,"name":"60 Seconds, 174 Wallets, 77% EDGE Crash: edgeX Drops Payback Plan - The Crypto Times","type":"news_article","url":"https://www.cryptotimes.io/2026/06/04/60-seconds-174-wallets-77-edge-crash-edgex-drops-payback-plan/"},{"credibility":2,"name":"EDGE Crashes 77% as edgeX Blames Manipulation, ZachXBT Demands Transparency - The Crypto Times","type":"news_article","url":"https://www.cryptotimes.io/2026/06/02/edge-crashes-77-as-edgex-blames-manipulation-zachxbt-demands-transparency/"},{"credibility":1,"name":"EdgeX blames external party for token crash as ZachXBT alleges insider manipulation - CoinTelegraph","type":"news_article","url":"https://cointelegraph.com/news/edgex-blames-external-party-for-token-crash-as-zachxbt-points-to-insider-manipulation"},{"credibility":2,"name":"EDGE token crashes as ZachXBT questions insider control - crypto.news","type":"news_article","url":"https://crypto.news/edge-token-crashes-as-zachxbt-questions-insider-control/"}]},{"content":"On-chain investigator ZachXBT publicly challenged the team's narrative following the crash. ZachXBT alleged that 'edgeX supply was being controlled by a few insiders with a low float' and demanded the project publicly disclose its counterparties and market-maker agreements. Separately, ZachXBT contended that insiders controlled nearly the entire token supply through the thin-float structure — noting that only 350 million of the 1 billion EDGE tokens were in public circulation, leaving over 650 million tokens (65%) concentrated in locked or insider-controlled positions. When edgeX published its incident report concluding that the team bore no responsibility for the crash, ZachXBT responded sarcastically: 'We investigated ourselves and did not find ourselves guilty even though we control nearly the entire supply.' ZachXBT has previously published detailed investigations into other perpetual DEX tokens — including LAB and RAVE — where he alleged insider-controlled supply, opaque market-making agreements, and coordinated exchange activity were used to artificially inflate and then crash token prices at retail holders' expense. These are allegations by a third-party investigator and have not been independently adjudicated. edgeX flatly denied them, stating: 'edgeX had no involvement in this incident. Our team's token allocations remained entirely unchanged throughout the event.'","heading":"ZachXBT Allegations and Insider Supply Control Claims","severity":"critical","sources":[{"credibility":1,"name":"EdgeX blames external party for token crash as ZachXBT alleges insider manipulation - CoinTelegraph","type":"news_article","url":"https://cointelegraph.com/news/edgex-blames-external-party-for-token-crash-as-zachxbt-points-to-insider-manipulation"},{"credibility":2,"name":"EDGE Crashes 77% as edgeX Blames Manipulation, ZachXBT Demands Transparency - The Crypto Times","type":"news_article","url":"https://www.cryptotimes.io/2026/06/02/edge-crashes-77-as-edgex-blames-manipulation-zachxbt-demands-transparency/"},{"credibility":2,"name":"We Investigated Ourselves: ZachXBT Slams EdgeX After Sudden Token Collapse - CryptoPotato","type":"news_article","url":"https://cryptopotato.com/we-investigated-ourselves-zachxbt-slams-edgex-after-sudden-token-collapse/"}]},{"content":"edgeX acknowledged abnormal price fluctuations at approximately 6:06 a.m. UTC on June 2, 2026, and clarified that no security breach had occurred at approximately 7:06 a.m. UTC. In a formal statement, the project said: 'The edgeX protocol was not compromised in any way,' and attributed the crash to 'deliberate attempts by certain external party to manipulate the market price of EDGE.' The project characterized the event as a 'market integrity issue' and pledged collaboration with major exchanges to identify responsible parties. edgeX subsequently published a full incident report attributing the crash to three contributing structural factors: thin liquidity on decentralized exchanges (the primary PancakeSwap pool held approximately $1.25 million); crowded long positions (68.2% long-short ratio); and shallow order books across centralized exchanges producing cascading liquidations. edgeX requested forensic analyses from OKX, Bybit, Bitget, and Bithumb, all of which returned preliminary findings indicating no selling activity, no price manipulation, and no misconduct attributable to the edgeX team. Two institutional liquidity provider partners also conducted independent forensic reviews. The project declined to name the 'external participants' it blamed for the crash, and declined to disclose its market-maker agreements, insider token allocations, or counterparty identities despite sustained community pressure. The lack of disclosure around market-maker terms and supply controls has been a central point of criticism from the broader community.","heading":"edgeX Official Response and Self-Investigation","severity":"high","sources":[{"credibility":2,"name":"EdgeX Publishes Incident Report After EDGE Token Crashes 71%, Offers $200,000 Bounty - NullTX","type":"news_article","url":"https://nulltx.com/edgex-publishes-incident-report-after-edge-token-crashes-71-offers-200000-bounty/"},{"credibility":2,"name":"edgeX says exchanges found no manipulation behind 71% EDGE flash crash - AMBCrypto","type":"news_article","url":"https://ambcrypto.com/edgex-says-exchanges-found-no-manipulation-behind-71-edge-flash-crash/"},{"credibility":2,"name":"edgeX promises affected users refunds in denial of role in EDGE collapse - Cryptopolitan","type":"news_article","url":"https://www.cryptopolitan.com/edgex-promises-affected-users-refunds/"},{"credibility":1,"name":"EdgeX blames external party for token crash as ZachXBT alleges insider manipulation - CoinTelegraph","type":"news_article","url":"https://cointelegraph.com/news/edgex-blames-external-party-for-token-crash-as-zachxbt-points-to-insider-manipulation"}]},{"content":"Following publication of its incident report, edgeX introduced a goodwill compensation program for users whose EDGE long positions were liquidated or stop-losses triggered during the crash window (04:50 to 06:00 UTC+8 on June 2, 2026). Compensation was structured as two phases: 50% of verified realized losses paid in USDC within seven days of claim validation; and 50% paid in EDGE tokens during the first week of April 2027, priced using a seven-day time-weighted average price (TWAP). edgeX explicitly stated the payments are voluntary and do not represent an admission of liability. Compensation was capped at 100,000 USDC per individual account, a ceiling that critics noted would leave large holders substantially uncompensated for losses that could run into millions of dollars per affected position. Separately, edgeX announced a 200,000 USDC on-chain bounty for any verifiable information leading to the identification of wallets or entities responsible for initiating the alleged attack. As of June 4, 2026, reporting by The Crypto Times indicated the payback plan's status remained contested, with the investigation unresolved.","heading":"Compensation Program and Bounty","severity":"high","sources":[{"credibility":1,"name":"EdgeX offers refunds and launches 200,000 USDC bounty after 71% token flash crash - The Block","type":"news_article","url":"https://www.theblock.co/post/403567/edgex-offers-refunds-200000-usdc-bounty-71-token-flash-crash"},{"credibility":2,"name":"EdgeX offers USDC payments after EDGE liquidations spark scrutiny - crypto.news","type":"news_article","url":"https://crypto.news/edgex-offers-usdc-payments-after-edge-liquidations-spark-scrutiny/"},{"credibility":2,"name":"60 Seconds, 174 Wallets, 77% EDGE Crash: edgeX Drops Payback Plan - The Crypto Times","type":"news_article","url":"https://www.cryptotimes.io/2026/06/04/60-seconds-174-wallets-77-edge-crash-edgex-drops-payback-plan/"}]},{"content":"EDGE has a hard-capped total supply of 1 billion tokens. At TGE on March 31, 2026, approximately 350 million EDGE (35%) entered public circulation: 25% from the Genesis airdrop (fully unlocked) and 5% from the Pre-TGE Season (unlocked 24 hours after TGE). The remaining 65% — approximately 650 million tokens — remained locked, allocated among the team, investors, partners, and future ecosystem incentives. This low-float structure creates inherent vulnerability to concentrated selling activity. The project has not publicly disclosed full details of market-maker agreements, the identities of institutional liquidity providers, or the complete breakdown of locked token allocations by counterparty. ZachXBT and community analysts have argued this opacity, combined with the thin float, enabled the June 2 crash regardless of whether it originated from insiders or external parties. At an approximate price of $0.62 per token as of early June 2026, the market capitalization based on circulating supply was approximately $217 million, while the fully diluted valuation exceeded $600 million — nearly three times the market cap, reflecting the locked supply overhang. All price and market cap figures are approximate and subject to continuous change.","heading":"Token Supply Structure and Transparency Concerns","severity":"high","sources":[{"credibility":2,"name":"EDGE Crashes 77% as edgeX Blames Manipulation, ZachXBT Demands Transparency - The Crypto Times","type":"news_article","url":"https://www.cryptotimes.io/2026/06/02/edge-crashes-77-as-edgex-blames-manipulation-zachxbt-demands-transparency/"},{"credibility":2,"name":"edgeX price today, EDGE to USD live price, marketcap and chart - CoinMarketCap","type":"other","url":"https://coinmarketcap.com/currencies/edgex/"},{"credibility":2,"name":"What Is edgeX and How to Buy EDGE? - KuCoin","type":"other","url":"https://www.kucoin.com/blog/what-is-edgex-and-how-to-buy-edge"}]},{"content":"Community responses following the crash and subsequent incident report have been sharply negative. A significant portion of comments across social media and the project's own channels characterized the team as responsible for the crash, despite the team's denials. The EDGE token ranking fell from approximately #126 to #136 by market capitalization in the immediate aftermath, and the token remained down approximately 50% from its pre-crash level as of the days following the incident. The episode added to concerns that had existed since the airdrop controversy in April 2026, when similar distrust over insider allocation surfaced. The pattern — concentrated supply, opaque market-maker relationships, thin float, and a large unlocked overhang — has been identified by community analysts as structurally similar to other alleged manipulated perpetual DEX tokens. No regulatory body had filed formal action against edgeX as of June 4, 2026. The investigation into the perpetrators of the alleged external attack remained open, with no identified parties disclosed.","heading":"Community Reaction and Reputational Impact","severity":"medium","sources":[{"credibility":2,"name":"EdgeX Token Crashes 47% in Hours as ZachXBT Accuses Insiders of Market Manipulation - NullTX","type":"news_article","url":"https://nulltx.com/edgex-token-crashes-47-in-hours-as-zachxbt-accuses-insiders-of-market-manipulation/"},{"credibility":2,"name":"EDGE token plunged 70% in an hour: the team denies a hack, and ZachXBT blames insiders - Incrypted","type":"news_article","url":"https://incrypted.com/en/edge-token-crashes-70-in-an-hour-team-denies-hack-zachxbt-points-to-insiders/"},{"credibility":2,"name":"EDGE Token Crashes 74% in Hours as ZachXBT Questions Market Manipulation Claims - CoinPedia","type":"news_article","url":"https://coinpedia.org/news/edge-token-crashes-74-in-hours-as-zachxbt-questions-market-manipulation-claims/"}]}],"sources_used":[{"credibility":2,"name":"EDGE Crashes 77% as edgeX Blames Manipulation, ZachXBT Demands Transparency - The Crypto Times","type":"news_article","url":"https://www.cryptotimes.io/2026/06/02/edge-crashes-77-as-edgex-blames-manipulation-zachxbt-demands-transparency/"},{"credibility":2,"name":"60 Seconds, 174 Wallets, 77% EDGE Crash: edgeX Drops Payback Plan - The Crypto Times","type":"news_article","url":"https://www.cryptotimes.io/2026/06/04/60-seconds-174-wallets-77-edge-crash-edgex-drops-payback-plan/"},{"credibility":1,"name":"EdgeX blames external party for token crash as ZachXBT alleges insider manipulation - CoinTelegraph","type":"news_article","url":"https://cointelegraph.com/news/edgex-blames-external-party-for-token-crash-as-zachxbt-points-to-insider-manipulation"},{"credibility":2,"name":"EDGE token crashes as ZachXBT questions insider control - crypto.news","type":"news_article","url":"https://crypto.news/edge-token-crashes-as-zachxbt-questions-insider-control/"},{"credibility":1,"name":"EdgeX offers refunds and launches 200,000 USDC bounty after 71% token flash crash - The Block","type":"news_article","url":"https://www.theblock.co/post/403567/edgex-offers-refunds-200000-usdc-bounty-71-token-flash-crash"},{"credibility":2,"name":"EdgeX Publishes Incident Report After EDGE Token Crashes 71%, Offers $200,000 Bounty - NullTX","type":"news_article","url":"https://nulltx.com/edgex-publishes-incident-report-after-edge-token-crashes-71-offers-200000-bounty/"},{"credibility":2,"name":"edgeX says exchanges found no manipulation behind 71% EDGE flash crash - AMBCrypto","type":"news_article","url":"https://ambcrypto.com/edgex-says-exchanges-found-no-manipulation-behind-71-edge-flash-crash/"},{"credibility":2,"name":"We Investigated Ourselves: ZachXBT Slams EdgeX After Sudden Token Collapse - CryptoPotato","type":"news_article","url":"https://cryptopotato.com/we-investigated-ourselves-zachxbt-slams-edgex-after-sudden-token-collapse/"},{"credibility":2,"name":"Is EdgeX Airdrop A Scam? Insider Allocation Revealed - CoinGabbar","type":"news_article","url":"https://www.coingabbar.com/en/crypto-currency-news/edgex-airdrop-195m-distribution-sparks-transparency-scam-debate"},{"credibility":2,"name":"$195M EdgeX airdrop sparks backlash: What it means for EDGE prices - AMBCrypto","type":"news_article","url":"https://ambcrypto.com/195m-edgex-airdrop-under-fire-what-it-means-for-edge-prices/amp/"},{"credibility":2,"name":"EdgeX Airdrop Controversy: $195M EDGE Token Distribution Sparks Community Backlash - Gate News","type":"news_article","url":"https://www.gate.com/news/detail/arkham-edgex-airdrops-195-million-with-nearly-half-of-the-tokens-flowing-to-19951908"},{"credibility":2,"name":"The EdgeX airdrop: nearly half of supply to partners and LPs - PANews","type":"news_article","url":"https://www.panewslab.com/en/articles/019d46fe-51b3-735c-82e5-21c5249c86fb"},{"credibility":2,"name":"Circle Ventures invests in edgeX ahead of token launch, plans USDC on EDGE Chain - The Block","type":"news_article","url":"https://www.theblock.co/post/389202/circle-ventures-edgex-token-launch-usdc-edge-chain"},{"credibility":2,"name":"edgeX: The Disruptor of the Centralized Derivatives Trading Landscape - GlobeNewswire","type":"official","url":"https://www.globenewswire.com/news-release/2024/09/13/2946170/0/en/edgeX-The-Disruptor-of-the-Centralized-Derivatives-Trading-Landscape.html"},{"credibility":2,"name":"edgeX promises affected users refunds in denial of role in EDGE collapse - Cryptopolitan","type":"news_article","url":"https://www.cryptopolitan.com/edgex-promises-affected-users-refunds/"},{"credibility":2,"name":"EdgeX offers USDC payments after EDGE liquidations spark scrutiny - crypto.news","type":"news_article","url":"https://crypto.news/edgex-offers-usdc-payments-after-edge-liquidations-spark-scrutiny/"},{"credibility":2,"name":"EDGE token plunged 70% in an hour: the team denies a hack, and ZachXBT blames insiders - Incrypted","type":"news_article","url":"https://incrypted.com/en/edge-token-crashes-70-in-an-hour-team-denies-hack-zachxbt-points-to-insiders/"},{"credibility":2,"name":"EDGE Token Crashes 74% in Hours as ZachXBT Questions Market Manipulation Claims - CoinPedia","type":"news_article","url":"https://coinpedia.org/news/edge-token-crashes-74-in-hours-as-zachxbt-questions-market-manipulation-claims/"},{"credibility":2,"name":"What Is EdgeX Exchange: Complete Beginners Guide - Coin Bureau","type":"research","url":"https://coinbureau.com/review/what-is-edgex-exchange"},{"credibility":2,"name":"edgeX Price Today - CoinMarketCap","type":"other","url":"https://coinmarketcap.com/currencies/edgex/"},{"credibility":1,"name":"Official Links - edgeX Docs - GitBook","type":"official","url":"https://edgex-1.gitbook.io/edgeX-documentation/about/official-links"}],"summary":"edgeX is a decentralized perpetual futures exchange incubated by Amber Group and launched on mainnet in August 2024, with its native EDGE token generating at Token Generation Event on March 31, 2026. On June 2, 2026, the EDGE token crashed approximately 77% in under 60 seconds, erasing over $220 million in market value; edgeX attributed the event to an unidentified external party, while on-chain investigator ZachXBT alleged that a small group of insiders controlled the majority of the 1 billion token supply through a thin-float structure. A self-commissioned investigation found no team misconduct, a conclusion ZachXBT publicly derided as self-serving, and the project subsequently faced scrutiny for declining to disclose market-maker agreements or insider token allocations.","timeline":[{"date":"2024-03","event":"edgeX formally established, incubated by Amber Group.","source":"Coin Bureau / The Block","source_url":"https://coinbureau.com/review/what-is-edgex-exchange"},{"date":"2024-08","event":"edgeX launches testnet and V1 mainnet on Ethereum-based EDGE Chain.","source":"GlobeNewswire","source_url":"https://www.globenewswire.com/news-release/2024/09/13/2946170/0/en/edgeX-The-Disruptor-of-the-Centralized-Derivatives-Trading-Landscape.html"},{"date":"2026-02-10","event":"Circle Ventures announces strategic investment in edgeX ahead of EDGE token launch, with plans to integrate native USDC on the EDGE Chain.","source":"The Block","source_url":"https://www.theblock.co/post/389202/circle-ventures-edgex-token-launch-usdc-edge-chain"},{"date":"2026-03-31","event":"EDGE token launches at TGE with 350 million of 1 billion tokens entering public circulation. Genesis airdrop distributes 25% of total supply.","source":"The Crypto Times","source_url":"https://www.cryptotimes.io/2026/06/02/edge-crashes-77-as-edgex-blames-manipulation-zachxbt-demands-transparency/"},{"date":"2026-04-01","event":"Arkham Intelligence and on-chain analysts surface data alleging $195 million in EDGE airdrop tokens concentrated in wallets linked to the team, with approximately $90 million sent to 80+ fresh addresses. Community backlash begins.","source":"Gate News / AMBCrypto","source_url":"https://www.gate.com/news/detail/arkham-edgex-airdrops-195-million-with-nearly-half-of-the-tokens-flowing-to-19951908"},{"date":"2026-04","event":"edgeX responds to airdrop backlash by locking 141,658,500 EDGE (14% of total supply) in an OpenZeppelin-audited VestingWallet contract for one year (unlock approximately April 2027) and launches a buyback-and-burn program.","source":"CoinGabbar / AMBCrypto","source_url":"https://www.coingabbar.com/en/crypto-currency-news/edgex-airdrop-195m-distribution-sparks-transparency-scam-debate"},{"date":"2026-05","event":"EDGE token lists on OKX and Kraken.","source":"KuCoin Blog","source_url":"https://www.kucoin.com/blog/what-is-edgex-and-how-to-buy-edge"},{"date":"2026-06-01","event":"At approximately 9:00 p.m. UTC, EDGE token begins flash crash from approximately $1.26. Within 60 seconds, 174 wallet addresses execute coordinated sell orders. The primary PancakeSwap pool, holding approximately $1.25 million in liquidity, is rapidly drained. EDGE reaches a low of approximately $0.31, a 77% decline erasing over $220 million in market value. Crash cascades across Binance, OKX, Bybit, Bitget, and Gate.io perpetual markets.","source":"The Crypto Times","source_url":"https://www.cryptotimes.io/2026/06/04/60-seconds-174-wallets-77-edge-crash-edgex-drops-payback-plan/"},{"date":"2026-06-02","event":"At approximately 6:06 a.m. UTC, edgeX acknowledges abnormal price movement. At 7:06 a.m. UTC, edgeX clarifies no security breach occurred. At 8:00 a.m. UTC, ZachXBT publicly demands disclosure of market-maker agreements and alleges insider supply control. edgeX attributes the crash to deliberate market manipulation by an unidentified external party.","source":"The Crypto Times / CoinTelegraph","source_url":"https://cointelegraph.com/news/edgex-blames-external-party-for-token-crash-as-zachxbt-points-to-insider-manipulation"},{"date":"2026-06-03","event":"edgeX publishes full incident report. Preliminary investigations from OKX, Bybit, Bitget, and Bithumb find no evidence of team misconduct. edgeX announces 200,000 USDC bounty for identifying responsible wallets and goodwill compensation program for liquidated users capped at 100,000 USDC per account.","source":"NullTX / The Block","source_url":"https://nulltx.com/edgex-publishes-incident-report-after-edge-token-crashes-71-offers-200000-bounty/"},{"date":"2026-06-03","event":"ZachXBT publicly mocks edgeX's self-investigation with the statement: 'We investigated ourselves and did not find ourselves guilty even though we control nearly the entire supply.'","source":"CoinTelegraph / CryptoPotato","source_url":"https://cryptopotato.com/we-investigated-ourselves-zachxbt-slams-edgex-after-sudden-token-collapse/"},{"date":"2026-06-04","event":"As of this date, the investigation into the alleged external attack remains unresolved. No responsible parties have been identified or named. The payback plan status and investigation outcome remain disputed. edgeX has not disclosed market-maker agreements or detailed insider token allocations.","source":"The Crypto Times","source_url":"https://www.cryptotimes.io/2026/06/04/60-seconds-174-wallets-77-edge-crash-edgex-drops-payback-plan/"}]},"v":1}

   Verify offline (run on your own machine)

   python -m src.verify_decision 4de05379-bf51-40d8-9f0d-e468a464c4dacopy