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CryptoGlobe
2018-11-20 16:18:08

OKEx Denies Claims Trader Unfairly Lost $700,000 on BCH Futures Contracts

Cryptocurrency traders have reportedly suffered huge losses after digital asset exchange, OKEx, quickly settled bitcoin cash (BCH) futures contracts - without properly informing users before the BCH hard fork on November 14th. Qiao Changhe, the founder of Beijing-based Consensus Technologies, has alleged that he lost $700,000 because OKEx’s management closed the BCH futures contracts at a point that did not accurately reflect cryptocurrency prices (at that particular time).