OKX users saw multiple altcoin prices lose double digits during the day. Shortly thereafter, the exchange announced that it would recoup the losses.
These altcoin projects saw bottom prices on OKX
OKX announced earlier today that there was a significant loss in value in the futures of some cryptocurrencies. This extreme volatility observed on OKX has led to price differences of up to 40% in some altcoin futures contracts. Following this, the exchange assured users that the losses incurred as a result of what happened would be eliminated:
We detected an irregularity in our markets today and promptly resolved the issue within minutes. Our customer service team is currently working with each affected customer to assess losses and those found to be affected will be compensated.
TRB and STORJ prices bottomed out
Tellor Tributes (TRB) and Storj (STORJ) are among the altcoin projects most affected by the price drop. The TRB/USDT futures contract lost more than 37% of its value at one point. Meanwhile, its price bottomed at $15. The altcoin is currently trading above $28 with a slight intraday gain.
In parallel, the STORJ/USDT futures contract decreased from $0.31 to $0.24. It lost approximately 24% of its value during the decline. STORJ then quickly returned to its previous levels. It is currently trading in the $0.32 region.
Apart from these two altcoins, Perpertual Protocol (PERP), Yield Guild Games (YGG), Worldcoin (WLD) and Livepeer (LPT) also experienced declines. The stock market confirmed these unusual price movements. He later reported that they quickly corrected the abnormal situation.
The OKX team also announced that it will identify the victim users and compensate their damages. It is currently unclear how many users this situation affects and exactly how much damage it causes. However, OKX emphasized that they have addressed the problem and will not victimize their users. cryptokoin.com As we reported, OKX announced the delisting and listing of 27 altcoins today.
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