OKEx to Change Margin Trading Rules

From now on, the risk ratio for margin calls for all trading pairs has been set by the exchange at 120%
27 February 2019   350

OKEx cryptocurrency exchange, based in Malta, has increased leverage from 3x to 5x.

Increased leverage will be available for the following trading pairs: BTC / USDT, ETH / USDT, ETH / BTC, BCH / USDT, BCH / BTC, LTC / USDT, LTC / BTC, ETC / USDT, ETC / BTC, EOS / USDT, EOS / BTC.

When the risk ratio reaches or exceeds 125%, the excess funds in the margin account can be withdrawn using the Transfer fund function.

The risk ratio for margin calls for all trading pairs has been set by the exchange at 120%. If this indicator falls in the range of 120-110%, the trader is notified of a critical increase in risks, and a fall below 110% will provoke a forced liquidation of the position.

Hacked Zaif Exchange to Resume Operations

It was hacked in September last year,  about $60 million in cryptocurrency was stolen from its platform
22 April 2019   88

Japanese cryptocurrency exchange Zaif announced that it will complete the transition from the Tech Bureau to the Fisco Digital Asset Group (FDAG) on April 22 and resume normal operation the next day, Cointelegraph reportes.

In September last year, the exchange underwent a hacker attack when about $ 60 million in cryptocurrency was stolen from its platform, including Bitcoins, Bitcoin Cash and Monacoin. As part of the compensation plan to users, FDAG exchange acquired a large stake in Zaif business and transferred to the Tech Bureau over $ 44.6 million.

According to an earlier announcement of the exchange, 40% of the lost funds will be compensated to users by Fiat, and the remaining 60% - to the cryptocurrency, which will be available for withdrawal on April 23.