cryptocurrency exchange OKEx it would take steps to address its contracts March 30 after “abnormal” pricing saw one user even threaten suicide at its head office.
In a to traders, exchange, whose quarterly futures market posted significantly lower BTC/USD readings than the global market this week, blamed the issue on users closing huge numbers of contracts “regardless of price.”
“OKEx has the right to warn against all unethical behavior such as malicious manipulation of prices, malicious influence on trading systems, restrictions on trading, shutting down of accounts, etc.,” the message read.
A the exchange continues to update confirms that a rollback has completed, and that normal trading operations will resume shortly.
Despite officials’ attempts to contain the situation, however, it appears some users who saw huge amounts of money wiped from their holdings when OKEx’s futures dipped to just $4800 demand they take more responsibility.
In a video on Twitter, an OKEx trader who reportedly lost 11 mln yuan ($1.75mln) in the fiasco is seen to threaten CEO with committing suicide by drinking poison at the exchange’s head office in Hong Kong.
Published at Fri, 30 Mar 2018 13:17:28 +0000
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