Token

Flash

Reported by Cointelegraph, OKX will compensate users who were affected by a flash crash in OKB token on Jan.23. Around 9 am GMT on Tuesday, the price of OKB crashed 48% from $46.80 to $25.10 in less than 15 minutes, wiping out $6.5 billion in diluted market capitalization before a swift recovery.
“After touching 48.36 USDT, the liquidation of multiple large leverage positions was triggered successively,” OKX staff wrote. “In addition, the market impact caused the currency price to fall, further triggering the liquidation of pledged loans, leverage transactions, and cross-currency transactions, which ultimately caused the price to drop within a short period of time down to 25.1 $USDT.”
The exchange has pledged to “fully compensate users for additional losses caused by abnormal liquidation,” with a specific compensation plan to be launched.

OKX to Compensate Users Affected by the Flash Crash of $OKB Token

TokenInsight

Các bài viết khác được xuất bản trên 24 thg 1, 2024

Ripple CTO Breaks Silence on XRP Ledger's Next Game-Changing Moment

Bitcoin Dips Below $39,000 Amidst Market Turbulence and Regulatory Concerns

Bitcoin’s Uncertain Future: Investor Expectations and Market Predictions

Top Crypto Gainers & Losers Today: Check Full List Here For January 24, 2024

Mixing it up: Coinbase Ripples Treasury With Letter Opposing Crypto Regulations

GT Price Prediction: Will GT Hold 200-Day EMA or Drag Toward $4?

Tham gia bản tin miễn phí của chúng tôi để cập nhật tin tức về tiền điện tử hàng ngày!