OKex to Report on BTC Futures Price Manipulation Attempts

As a result of price manipulations attempts, prices were different from the current price of the first cryptocurrency
30 March 2018   1306

The OKEx said that unusual transactions were registered on Friday morning, March 30, to manipulate prices for bitcoin futures contracts. As a result, prices were significantly different from the current rate of the first cryptocurrency.

As a result of the investigation, it was found that one of the users closed a large number of positions, not taking into account the current prices, resulting in the bitcoin price fell to unusually low levels.

Representatives of OKEx promise to make public the relevant transactions after the completion of a full investigation.

The Exchange team also refers to clause 6.2 of the user agreement, which grants it the right to control the accounts in the event of the detection of deliberate manipulation of prices.

To prevent forced-liquidations due to price differences after the settlements in "bi-weekly" and "quarterly" futures contracts, we will rollback the transactions as mentioned, and all futures contracts will be delivered at 00:00 Mar 31, 2018 (Hong Kong Time). Further announcement will be made if there are any changes in delivery time.

OKex Team

The exchange's team assures that the process of crypto and fiat trading has not been affected and continues to be carried out in normal mode.

In addition, in order to compensate for the inconvenience, the exchange will remove the commission for trading bitcoin futures from April 1 to 7.

OKEx to Launch Platform For New Tokens

As follows from the hashtag of Operations Director's tweet, it will be called OK JumpStart
13 March 2019   269

Another follower of Binance and its platform Launchpad is OKEx.

According to Andy Cheung, Operations Director at OKEx, almost everything is ready to launch a platform for new tokens. As follows from the hashtag to tweet, it will be called OK JumpStart.

Additional information about the new platform is not yet known.

Earlier, it was reported that the analogue of Binance Launchpad is launched by Bittrex. The first IEO on the new platform will be held on March 15, and the pioneer will be a RAID project focused on the gaming industry with the XRD token.