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News Explorer — Crypto Exchange OKX Promises to Compensate Users Impacted by OKB Token's 50% Drop

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Jan 24, 5:31 am

Unchained Crypto

Crypto Exchange OKX Promises to Compensate Users Impacted by OKB Token's 50% Drop

The native token of OKX, OKB, experienced a sudden and significant drop in value, plummeting over 50% to $25 in just three minutes before stabilizing. The exchange is investigating the cause, attributing the volatility to liquidations triggered by a general market decline. OKX has pledged to compensate users for additional losses and will make improvements to prevent similar issues in the future.

The native token of OKX, OKB, experienced a sudden and significant drop in value, plummeting over 50% to $25 in just three minutes before stabilizing. The exchange is investigating the cause, attributing the volatility to liquidations triggered by a general market decline. OKX has pledged to compensate users for additional losses and will make improvements to prevent similar issues in the future.

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