OKX Exchange plans to compensate users after a 48% flash crash in its token (OKB), wiping out $6.5 billion. The crash, linked to GBTC's Bitcoin sale and FTX's large GBTC ETF shares liquidation, highlights market volatility. OKX, focusing on regulatory compliance, faces challenges in the ever-fluctuating cryptocurrency landscape.
Cheng Yuan
JinseFinanceThe decentralized finance (DeFi) sector recorded massive losses in 2022.
BitcoinistHuobi Token briefly tanked below $0.40. HT managed to recover, but is still down 20% on the day.
BeincryptoPlatypusDefi’s stablecoin, Platypus USD, suddenly dropped more than 52%, and the on-chain evidence points to a flash loan exploit.
TheBlockFunds were converted to DAI stablecoins and bridged to the Ethereum network.
CoindeskThe popular DEX said Monday that it had closed its lending protocol QuickSwap Lend.
OthersVICTORIA, Seychelles, Aug. 23, 2022 (GLOBE NEWSWIRE) -- OKX, the world-leading cryptocurrency platform, has issued business updates for the week of August 23, 2022: OKX Earn launches Smart Gain ...
GlobenewswireThe partnership will allow Wirex community members to swap their tokens through an API provided by 1inch Network.
CointelegraphLeading decentralized cross-chain app to offer competitive prices and liquidity on cryptocurrency swaps with v2.0 launch.
Cointelegraph