OKEx to Deny Hack Rumours

Exchange says there is  problem is exclusively in the displayed balance of the account, while the funds are safe
22 May 2018   1001

The OKEx cryptocurrency exchange has reported on a technical issue, due to which "account balances of a few of our users are not displayed accurately".

According to the company, the problem is exclusively in the displayed balance of the account, while the funds of all users remain in full safety.

Of course, you can rest assured that your funds are safe, secured, and not affected by the recent update. We are currently fixing the issue and have suspended withdrawal service and fiat trading. A further announcement will be made after the services resume.

Please do not worry about any rumors circulating on the internet. We will continue to provide you stable and trusted services as always.
 

OKEx Team

The scale of the problem is still unclear, but OKEx, anticipating the spread of negative news, urged users not to worry because of rumors in the network. Some users had already reported on issue fixing.

SpaceSkittles Twitter
SpaceSkittles Twitter

We will keep our eyes on this situation and will keep our readers updated. 

OKEx to Launch Own ERC-20 Based Token

In total, 300 million OKB tokens have entered the public network and they have confirmed that are going to launch OKChain in June
29 April 2019   117

OKEx cryptocurrency exchange announced the launch of its own OKB token in the public blockchain. Starting from Monday, April 29, users will be able to display OKB tokens in wallets that support the ERC-20 standard, or in a cold storage in the exchange application.

In total, 300 million OKB tokens have entered the public network.

The developers also confirmed that they expect to launch OKChain in June. After the confidence that OKChain is working stably, OKB coins migrate from the ERC-20 standard to the main network of the new blockchain.

OKB tokens are intended primarily for the future decentralized exchange: they can be used to pay for transaction fees, as well as in decentralized applications based on OKChain. In addition, OKB will be used in the tokens' pre-sales, for voting and paying for the service fee of supernodals.

Of the 1 billion OKB, 700 million tokens are currently blocked. Of these, 300 million coins were originally to be distributed among OKEx users as part of a loyalty program. The remaining 400 million OKB will remain under the control of the OK Blockchain Foundation and Exchange teams. The lockout period will end in 2022.