But Evan's case and Bitget is quite a funny and popular one too I'm surprised that not many people here knew about it. I followed up on the case when there was a trend about the exchange scamming its users.
Here's what I found.
Evan who was an advisor for REELT, sold too much of his allocated token upon its listing on the exchange and a few others, thereby crashing down the price of the asset. Here's Bitget's statement to that incident.
https://www.bitget.com/support/articles/12560603778479They also made another statement saying they have compensated the affected investors of REELT due to the manipulation of the tokens price.
https://www.bitget.com/support/articles/12560603782175What I found most hilarious is that Evan himself had admitted to selling quite a lot of the token on several exchanges here's a link to the tweet containing the Screenshot of the conversation where he admitted to it.
https://twitter.com/lyric_patrick2/status/1643582212678270978?t=30Rx8PM3p6GOPzzS8DcHNQ&s=19I learnt recently that he had filed lawsuit against Bitget. I'm looking forward to the outcome of that.
For future reference, always include both sides of a story when making assertions to enable readers know the situation and also be able to judge accordingly.
Here's my take.. I'm neither affiliated with Bitget nor have I used the exchange before, but with these evidences of him admitting to selling beyond a reasonable amount of the listed token quite enough to crash its price, I don't think the exchange did wrong for freezing his funds and reimbursing other investors. Just my take tho.