• 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

Seven Proven Hedge Fund Tactics for Alpha Generation

chest

An institutional playbook outlines seven key tactics employed by elite hedge funds to generate alpha and manage risk effectively.

user avatarAndrew Smith

Hedge Funds Pursue Absolute Returns Through Diverse Strategies

chest

Hedge funds aim for absolute returns, utilizing various strategies to outperform the market, including long-short equity, macro forecasting, and event-driven tactics.

user avatarJacob Williams

Mutuum Finance Plans V1 Protocol Release on Sepolia Testnet

chest

The V1 protocol release is set for Q4 2025, allowing users to test the platform's features.

user avatarZainab Kamara

PBoC Reaffirms Ban on Digital Assets and Focuses on Stablecoin Risks

chest

The People's Bank of China (PBoC) reaffirms its ban on digital assets, emphasizing the risks associated with stablecoins and illegal activities related to virtual currencies.

user avatarSon Min-ho

Cardano ADA Promotes Secure Blockchain Development

chest

Cardano is recognized for its methodical approach to blockchain development, emphasizing long-term security and stability in its infrastructure.

user avatarTando Nkube

Polkadot DOT Enhances Blockchain Interoperability

chest

Polkadot is addressing blockchain isolation through its innovative architecture. Polkadot enables secure communication between specialized blockchains. To create a connected Web3 future, investing in Polkadot is seen as a commitment to interoperable blockchain technology.

user avatarNguyen Van Long

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.