• Bitcoin
  • NFT
  • Binance
  • ETH
  • DeFi
  • Metaverse
  • IDO
  • Coinbase
  • Solana
  • ETF
  • FTX
  • GameFi
Newsletter
  • Home
  • Crypto News
  • Market
  • Learn
No Result
View All Result
  • Home
  • Crypto News
  • Market
  • Learn
No Result
View All Result
CoinLive
No Result
View All Result
Home Crypto News

OKX trades refunds and airdrops far more for victims of CELT rate manipulation

189
SHARES
1.5k
VIEWS
Share on FacebookShare on Twitter

Not only having to pay back the revenue, the OKX exchange also “pocketed” an more one million USDT for traders who purchased into CELT when this token was devalued.

OKX trades refunds and airdrops far more for victims of CELT rate manipulation

The incident began on February 27, the rate of CELT – the token of the GameFi Celestial undertaking – abruptly fluctuated unusually strongly, triggering a great deal of confusion in the neighborhood. As early as February 28, OKX right away opened the following investigation and discovered five suspicious successful accounts and right away frozen them. The complete of frozen assets is 714,381 USDT and some assets have been moved out of the exchange earlier.

Related articles

Bitcoin is at $67K but analysis warns BTC price could drop 10% next

Bitcoin is at $67K but analysis warns BTC price could drop 10% next

May 20, 2024
Avalanche (AVAX) price is among the few altcoins that have dropped sharply

Avalanche (AVAX) price tag is amid the couple of altcoins that have dropped sharply – Bitcoin News 2024

April 16, 2024

The benefits of the investigation exposed that the rate of the token was “manipulated” by the celestial side itself. After a great deal communication, the undertaking side ultimately agreed to return USDT one.three million.

In addition to the block quantity, Total OKX will refund $two.01 million to victims who obtained CELT in between twelve:00:00 on February 25 and twelve:00:00 on February 28 (HK time). and they suffered a reduction.

Not stopping there, the Seychelles-primarily based exchange will contribute an supplemental a single million USDT to compensate for investors’ losses. Due to the complicated nature of the timing, the unique principles for the airdrop will be announced by the platform inside of 48 hrs.

The Celestial side of the undertaking also posted a forum admitting the crash was intentional by inner workers linked with outdoors industry makers, but “separated” that the undertaking workforce did not participate but sought to return $two million to the company program. However, the undertaking workforce will accept all sanctions from OKX and deeply apologize to these impacted.

two. The undertaking workforce did not participate in the generation or dissemination of unfair statements by OKX or its affiliates this kind of as “OKX Son” and other people.

— Celeste (@GameCelt) February 28, 2023

Notably, this is the unusual very first time a undertaking has admitted to manipulating the industry and has also returned assets to victims.

Responding to the query of whether or not OKX had any connection to Celestial, the exchange clarified that OKX Ventures invested USD a hundred,000 in CELT in September 2021 and unlocked the token soon after one yr. Since then, the floor has not had any speak to with the undertaking get together.

By contributing its very own fund, OKX is improving its public picture with its transparency and generosity. Exchanges Proof-of-Reverse just lately announceddisplaying holdings of $eight.six billion in assets, or a hundred% clean reserve.

Synthetic currency68

Maybe you are interested:

Maybe you are interested:

Tags: airdropsCELTmanipulationOKXPricerefundstradesvictims
Share76Tweet47

Related Posts

Hackers Impersonate Security Firms to Steal Crypto Keys

by shark
June 2, 2025
0

SlowMist warns of evolving scams by hackers impersonating security firms to steal cryptocurrency keys.

Altcoin Market Poised for Potential Bullish Rally

by shark
June 2, 2025
0

Altcoin market sees potential for a major rally with technical indicators signaling a bullish trend.

US Sells Seized Bitcoin, Faces Significant Financial Losses

by shark
June 2, 2025
0

The US government faces a significant financial setback due to the sale of seized Bitcoin holdings, experiencing a notable opportunity...

IG Group Launches Retail Crypto Trading in UK

by shark
June 2, 2025
0

IG Group collaborates with Uphold to offer retail crypto trading in the UK, marking a significant step for traditional finance...

Flare Token Surges Amid XRP Integration Announcement

by shark
June 2, 2025
0

Flare (FLR) witnessed a 10.61% surge on June 2, 2025, after announcing its XRP integration, showcasing its potential within decentralized...

Load More

Tags

analysis announces Bank billion Binance Bitcoin Blockchain BTC CEO Coin Coinbase Crypto cryptocurrencies Cryptocurrency DeFi ETH Ethereum Exchange Finance FTX fund game General News Information Investment Latest Launch launches market Metaverse million Network News NFT platform Price project Protocol Review SEC Solana Token trading users wallet

Recent Posts

  • Hackers Impersonate Security Firms to Steal Crypto Keys
  • Altcoin Market Poised for Potential Bullish Rally
  • US Sells Seized Bitcoin, Faces Significant Financial Losses
  • IG Group Launches Retail Crypto Trading in UK
  • Flare Token Surges Amid XRP Integration Announcement
  • Elon Musk Introduces XChat with New Encryption Features
  • James Wynn Halts Trading After Massive Loss
  • Metaplanet Acquires 1,088 BTC Expanding Holdings Significantly
  • About
  • FAQ
  • Contact Us
  • IGO
  • Altcoin
  • Terra
  • Launchpad
  • P2E
  • META
  • AXS
Email us: [email protected]

© 2021 CoinLive - Crypto News 24/7

No Result
View All Result
  • Home
  • Crypto News
  • Market Analysis
  • Learn

© 2021 CoinLive - Crypto News 24/7