• Dapps:16.23K
  • Blockchains:78
  • Active users:66.47M
  • 30d volume:$303.26B
  • 30d transactions:$879.24M
Capital outflow from OKX reached $630 million in one week

Capital outflow from OKX reached $630 million in one week

user avatar

by Eve Adams

a year ago


According to DeFiLlama, from June 4 to June 11, 2024, the cryptocurrency exchange OKX recorded a capital outflow of $633.88 million. Previously, some platform users encountered fund theft.

According to the platform, in the last 24 hours, from June 10 to June 11, 2024, the exchange lost $204.67 million, the largest amount among the top 10 market share companies:

Capital inflow/outflow for the top ten largest cryptocurrency exchanges

Over the month, capital outflow from OKX is comparable to platforms like Robinhood, with the trend of fund withdrawal intensifying in recent days.

Last week, it was reported that an exchange user lost $2 million due to a deepfake video. Later, it became known that two more accounts were hacked, and journalist Colin Wu noted that the use of Google Authenticator on the platform is not mandatory. In one of the cases, the OKX team stated that they contacted the victims and are conducting their own investigation.

It is noteworthy that on June 11, 2024, the exchange announced an update to some system modules, requiring users to re-authenticate.

However, it is unknown whether the capital outflow is related to the aforementioned cases of fund theft.

0

Rewards

chest
chest
chest
chest

More rewards

Discover enhanced rewards on our social media.

chest

Other news

US ISM Manufacturing PMI Drops to 482, Signaling Economic Challenges

chest

The US ISM Manufacturing PMI for November 2025 has decreased to 482, marking the ninth consecutive month of contraction.

user avatarMaria Gutierrez

Litecoin Faces Market Pressure Amid Broader Volatility

chest

Litecoin recently experienced a significant dip, dropping by 7.75% to 77.43 due to broader market volatility and shifts in investor sentiment. Despite this, it maintains strong recognition and infrastructure support.

user avatarArif Mukhtar

Strategic Deduction Bunching with Donor Advised Funds (DAFs)

chest

High-income earners can maximize tax savings through strategic deduction bunching using Donor Advised Funds (DAFs).

user avatarTando Nkube

Apple's AI Leadership Change: John Giannandrea Resigns, Amar Subramanya Takes Over

chest

John Giannandrea, Apple's head of artificial intelligence, is stepping down and will be replaced by Amar Subramanya.

user avatarJacob Williams

Price Outlook for XRP if SWIFT Adopts It for Settlement

chest

Price outlook for XRP if SWIFT adopts it for settlement.

user avatarAndrew Smith

Intensified Discussions on XRP's Valuation Amid Market Weakness

chest

Intensified discussions on XRP's valuation as it trades above $2 amid market weakness, with analysts debating its potential undervaluation and relevance in international payments.

user avatarDavid Robinson

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.