• 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

2 years 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

Current Sanctions Proposal Reflects Historical Strategies Against Russia

chest

The Senate's proposal for stronger sanctions against Russia reflects historical strategies aimed at limiting its influence, showcasing the US's commitment to countering aggression.

user avatarAndrew Smith

Economic Ramifications of Proposed Sanctions Against Russia Under Discussion

chest

The Senate's proposal for stronger sanctions against Russia has sparked significant discussions regarding the economic ramifications of such measures.

user avatarArif Mukhtar

Senate Proposes Stronger Sanctions Against Russia with Bipartisan Support

chest

Senators Tim Scott and Lindsey Graham are pushing for stronger sanctions against Russia, receiving bipartisan support in the Senate to address geopolitical tensions and impact global markets.

user avatarLuis Flores

LandSpace Conducts First Full Test of Reusable Rocket

chest

LandSpace has successfully conducted China's first full test of a reusable rocket, the Zhuque-3, successfully placing a satellite into orbit, but did not recover the first-stage booster.

user avatarMaria Gutierrez

China Eases Regulations for Commercial Rocket Companies

chest

The Shanghai Stock Exchange has introduced new regulations allowing commercial rocket companies to access public capital while developing their products.

user avatarJacob Williams

Bitcoin Mining Profitability Crisis Forces Strategic Adjustments

chest

The Bitcoin mining industry is facing a profitability crisis due to falling hash rate prices and rising operational costs, prompting strategic adjustments among miners.

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.