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
Stolen funds from Bithumb were transferred to Yobit accounts
Most of the stolen funds from this year's Bithumb hack were sent to the Russian exchange Yobit. Crystal Blockchain Analytics analysts came to this conclusion after a thorough study of the data.
Cryptocurrency exchange Coincheck will resume trading in XRP token
According to Financial Magnates, the Coincheck exchange told customers that it plans to resume full support for all cryptocurrencies that existed before the hack in January 2018, which cost the company half a billion dollars. Among other things, users can once again deposit, withdraw and sell Ripple's altcoins XRP and Factom (FCT).
