Market Cap
24h Vol
7054
Cryptocurrencies
82693
Markets
CCN
2018-08-03 11:00:08

OKEx Initiates ‘Clawback’ after Bitcoin Futures Market Unable to Cover $420 Million Liquidation

OKEx has moved to protect its futures market with an injection of 2500 BTC into the exchange’s insurance fund from its own capital after a forced liquidation on July 31st threatened to destabilize its operations. The futures contract amounted to a staggering $420 million worth of BTC. OKEx moved swiftly to counter this liquidation withThe post OKEx Initiates ‘Clawback’ after Bitcoin Futures Market Unable to Cover $420 Million Liquidation appeared first on CCN