• 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

Solana Prediction Market World Adopts Chainlink Price Feeds

chest

The Solana-based prediction market World has integrated Chainlink oracle price feeds to enhance reliability and reduce oracle manipulation risk.

user avatarTando Nkube

Sui Testnet Update v1741 Slashes Transaction Gas Costs

chest

The Sui blockchain has announced a significant update on its testnet, version 1741, which includes protocol version 128. This update aims to reduce transaction gas costs for users and developers, enhancing overall performance in preparation for the mainnet launch.

user avatarKofi Adjeman

Solana Derivatives Market Sets Record with $147 Billion in Q2 2026

chest

Solana's decentralized perpetual swap trading volume reached a record $147 billion in Q2 2026, highlighting its growing dominance in the decentralized derivatives sector.

user avatarNguyen Van Long

Ripple Co-Founder Chris Larsen's Super PAC Supports Key Democratic Primary Win

chest

Chris Larsen, co-founder of Ripple, supports Manny Rutinel in the Colorado 8th District Democratic primary, showcasing the influence of crypto executives in U.S. elections.

user avatarSatoshi Nakamura

Director Carl Rinsch Sentenced to 30 Months for Misusing Netflix Funds

chest

Hollywood director Carl Rinsch has been sentenced to 30 months in prison for misappropriating $11 million in production funding from Netflix, diverting the funds into trading Dogecoin and purchasing luxury goods.

user avatarJesper Sørensen

Chainlink Active Addresses Near 900,000 Milestone

chest

The number of unique Chainlink holder addresses is nearing 900,000, indicating increased investor accumulation.

user avatarRajesh Kumar

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.