OKEX TROUBLE?
$460 MILLION WHALE LIQUIDATED ON OKEX EXCHANGE BUT ORDER WASN'T FILLED
The top trader on Okex accumulated a 460$ millon long position on BTCUSD futures, and was liquidated this week. The problem here is that the order was not filled. This means that there is a pending $460 million settlement. Okex's insurance covers only 10 BTC while the sum that would cover this is 950 BTC.
Read more
So what happens now?
Well nothing is set in stone. A possible scenario is that the debt gets socialized. This means we could be seeing btc futures contract traders facing forced liquidation, which basically means that traders would have to give up profits.
Leave OKEX TROUBLE? to:
Best Posts From Ana
We have not curated any of anafundamentals's posts yet. But you can encourage our curation team to review posts by visiting them regularly and by referring other readers. Because we give priority to frequently read content.
More Posts From Ana
- COINTELEGRAPH AND CCN, ARE THEY IN ON THE CRYPTO SPACE MANIPULATION?
- LET’S TALK ABOUT BAKKT
- BINANCE TO INVEST IN AFRICA
- TEZOS - WHAT IS IT? WHY THE HYPE?
- UPCOMING CRYPTOCURRENCY EVENTS
- BTC PUMP AND DUMP?
- SEC PUSHES DECISION DEADLINE FOR BITCOIN ETF LISTING TO SEPTEMBER 30TH
- IMPORTANT CRYPTOCURRENCY EVENTS THIS WEEK
- OKEX TROUBLE?
- DECENTRALIZED EXCHANGES VS. CENTRALIZED EXCHANGES