Abnormal price movements, with pins up to 45 in OKX’s futures, created panic among exchange users.
cryptocurrency exchange OKX , came to the fore with the imbalance in the futures market. This situation, which started to appear in the morning hours, started to be heard especially with the price movements of a few coins. First at Arbitrum ( ARB ) There was an increase up to 13.74 percent. However, in other cryptocurrency exchanges, this increase was close to 6 percent. The most critical aspect of the incident is Teller (TRB) and Storj ( STORJ) was seen.
Volatility of nearly 45 percent was observed!
OKX, which has much more volatile parities than other cryptocurrency exchanges, has received criticism on this issue not only from users but also from many influencers. Although the activity in ARB was not incredible, a collapse of 43.70 percent in TRB and 25.16 percent in STORJ was recorded.
OKX published a post on the subject on X, “We detected an irregularity in our markets and promptly resolved the issue within minutes.” said. Stating that its customer services and various teams continue to work on the issue, the stock exchange stated that the losses experienced will be compensated.
We detected an irregularity in our markets at 7:38 (UTC) today and promptly resolved the issue within minutes.
Our customer service team is currently working with each affected customer to assess losses, and those determined to have been impacted will be compensated. pic.twitter.com/C3PRRDuUw9
— OKX (@okx) September 13, 2023
