edgeX Announces Restructuring and Product Roadmap After EDGE Token Flash Crash in June

edgeX said it has completed a new round of organizational restructuring and is continuing to recruit key staff across engineering, risk control, and product functions. According to Foresight News, the company plans to expand RWA trading pairs, deepen liquidity, and launch leveraged ETF products. edgeX also said it will support multi-asset deposits based on a Circle onboarder and broaden its on-ramp channels. The firm plans to introduce copy trading and AI Agent trading features. The company added that it will strengthen its security architecture and risk control systems, and improve information disclosure and on-chain verifiability. It said team expansion and the product roadmap are still progressing. In an earlier update, Foresight News reported that EDGE experienced a token flash crash in June this year. edgeX said its report attributed the incident to concentrated selling across multiple addresses, combined with a squeeze on high-leverage long positions and linkage with centralized exchanges, and said it was not a hacking event. edgeX said it will provide goodwill compensation based on actual losses, capped at 100,000 USDC per person.