Trader Threatened to Commit Suicide at Okex Office

Man lost about $ 10 000 000 in Bitcoins due to liquidation
30 March 2018   1188

The OKEx exchange was again in the spotlight this Friday. First, information was received about questionable operations with bitcoin futures, and later it was added that a trader whose position, estimated at several million dollars, was eliminated, threatened to commit suicide in front of the company's office, claiming that the liquidation was made illegally. This is reported by News BTC.

According to Coin Panda on Twitter, as a result of operations on the exchange, the Chinese trader lost about $ 10 million in bitcoins. The liquidation was caused by a 30-40% drop of the bitcoin futures price for a short time. Traders, which don't use stop order daily weren't ready for this.

According to Coin Panda, a man who does not agree with this policy, came to the OKEx office with a bottle of dichlorophos, and promised to drink it. Whether he made any demands is unknown.

OKEx has not yet commented on the situation, but earlier the company acknowledged the fact of manipulating the price of futures and promised to roll back all transactions until the first suspicious application was placed.

OKEx Exchange to Launch GBP and THB OTC Markets

Thai and UK users should to pass the KYC procedure to start using Over-The-Counter platform
24 January 2019   220

OKEx announced support for the British pound and Thai baht on its over-the-counter platform.

The press release notes that users from Thailand and the UK can go through KYC verification procedures and start using the OTC platform.

Orders can be placed on the over-the-counter platform OKEx by independently choosing the exchange rate and payment options. Currently, this OTC-platform contains Bitcoin, Ether, Litecoin and Tether cryptocurrencies.

In addition to the pound and baht, the platform supports the Vietnamese dong and the Chinese yuan. This year, OKEx promises to expand the list of supported fiat currencies and serviced regions.

Earlier, OKEx launched termless Bitcoin swaps, and then similar tools for Ethereum, Bitcoin Cash, Ethereum Classic and Litecoin.