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 with

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Posted by Gerald Fenech on August 3, 2018 @ https://www.ccn.com/okex-initiates-clawback-after-bitcoin-futures-market-unable-to-cover-420-million-liquidation/

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