OKX crypto exchange freeze withdrawals
OKX crypto exchange freeze withdrawals
About OKX
About OKX
OKX is a Seychelles based crypto exchange founded in 2017 by Star Xu. It also has its own coin i.e OkCoin.
What's the news?
What's the news?
OKX exchange recently halted withdrawals which panicked the whole crypto market. As fear of liquidation spreads.
FTX debacle & FUD
FTX debacle & FUD
Their has been a wave of FUD and negative sentiments after FTX filed for bankruptcy. OKX news added fuel to the fire.
Binance Withdrawals
Binance Withdrawals
Earlier Binance users have withdrawn over $5 billion in cryptocurrencies after fears of its insolvency emerged in the market.
OKX halted withdrawals
OKX halted withdrawals
OKX halted withdrawals because of Alibaba Cloud system failure. The disruption caused failure in operations.
Situation of the industry
Situation of the industry
Crypto industry crashed from $3 trillion to $870 billion this year. There's no sign of recovery and things will take longer to recover.
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