• 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

South Africa Proposes New Crypto Regulations

chest

South Africa has released new draft regulatory proposals that could significantly change how residents interact with certain wealth holdings, including cryptocurrencies.

user avatarAisha Farooq

FOMC Meeting Scheduled for April 29, 2026, May Impact Crypto Market

chest

The Federal Open Market Committee (FOMC) is scheduled to meet on April 29, 2026, to review economic conditions and announce any changes to interest rates, which may impact the crypto market.

user avatarLi Weicheng

Coinbase's Faryad Shirzad Critiques BPI's AML Report

chest

Coinbase's Chief Policy Officer, Faryad Shirzad, critiques the Bank Policy Institute's AML report, arguing it misrepresents illicit crypto activity as a small percentage of total on-chain volume.

user avatarTenzin Dorje

BPI Advocates for Stricter AML Regulations for Cryptocurrencies

chest

The Bank Policy Institute (BPI) calls for stricter anti-money laundering (AML) regulations for cryptocurrencies in the US, highlighting their use in illicit activities and urging Congress to address legal imbalances.

user avatarBayarjavkhlan Ganbaatar

Metaplanet Secures $50 Million Loan to Purchase Bitcoin with Zero Interest

chest

Metaplanet has secured a $50 million loan to purchase Bitcoin without paying interest by issuing zero-coupon bonds.

user avatarMohamed Farouk

Bitcoin ETFs Show Strong Performance Amid Market Recovery

chest

US spot Bitcoin ETFs have recorded their best performance since the October market crash, with significant inflows indicating strong demand.

user avatarElias Mukuru

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.