The Hong Kong cryptocurrency exchange announced that it was suspending trading in Bitcoin futures due to suspicions of collective manipulation of the price of this cryptocurrency.
OKEx management announced that it is stopping futures trading and the withdrawal of funds from its site due to an illegal sale. Groups of platform users artificially lowered the price of BTC by conducting a large number of transactions with large amounts in order to subsequently buy back the coins at a bargain price.
As soon as the collusion became obvious, the exchange froze all transactions and published an official message that it would cancel the fraudulent transactions in the coming hours.
"OKEx always puts the interests of customers first. We strive to provide the best products and technologies to protect our users. Due to the incident, transactions have been suspended."- the published message says.
However, users criticized the actions. exchanges. They are outraged that the platform's software cannot track and prevent the criminal activities of unscrupulous bears. Some of the clients suggested that management itself may be involved in price manipulation.
OKEx managers have not yet commented on the accusations against the exchange.
According to https://chaining.ru
You May Also Like
Will Bakkt end the year with a bullish breakout?
On December 12, 2018, the Intercontinental Exchange (ICE) will begin trading Bitcoin futures contracts. It is noteworthy that contracts can be concluded through the platform’s digital asset storage, and clearing will be carried out by ICE Clear US, Inc. All quotas will be in US dollars, and the amount that will be blocked on the account when concluding a futures contract will be 10 bitcoin.
DeFi Crosschain Network Aleph.im to Roll Out Pre-Listing Subscription on ProBit Exchange’s Exclusive
With the latest conclusion of its premium lasting platform for Bluzelle, ProBit Exchange is charging ahead with their 2nd of 4 ProBit Exclusive slots in November for Aleph.im starting November 11. The breakneck pace at which the exchange is launching their Exclusive platform is part of its ongoing commemorative 2nd birthday event with 50,000 USDT for eligible participants until November 30.
