• 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

Zcash Surges to New High as Institutional Interest Grows

chest

Zcash (ZEC) has surged to a new year-to-date high of 590, driven by significant institutional investment from Multicoin Capital.

user avatarTenzin Dorje

Sabadell Joins European Banking Consortium for Stablecoin Initiative

chest

Spanish bank Sabadell has joined the Qivalis consortium aimed at launching a Europe-pegged stablecoin.

user avatarBayarjavkhlan Ganbaatar

Ripple CEO Highlights Critical Hearing for CLARITY Act's Future

chest

Ripple CEO Brad Garlinghouse emphasizes the importance of the upcoming Senate Banking Committee hearing for the CLARITY Act's progress.

user avatarMohamed Farouk

Bitcoin Holds Steady Above 80,000 as Market Recovery is Tested

chest

Bitcoin's price remains above 80,000, indicating a recovery from March lows, with differing behaviors observed among large holders.

user avatarElias Mukuru

Gerstein Harrow LLP Files Restraining Notice Over Ethereum Linked to Kelp DAO Hack

chest

Gerstein Harrow LLP has filed a restraining notice in a New York district court, claiming legal rights to approximately 30,766 Ethereum frozen after the Kelp DAO hack.

user avatarDiego Alvarez

Aave Takes Legal Action to Release Frozen Ethereum in Kelp DAO Hack Case

chest

Aave has filed an emergency motion in a New York district court to vacate a restraining notice blocking the Arbitrum DAO from accessing approximately 30,766 Ethereum frozen after the Kelp DAO hack.

user avatarKenji Takahashi

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.