The counterparties could pay the bill for $ 416 Mln Futures on the BTC trade short of OKEx of Cointelegraph


Counterparties could charge the account for $ 416 million Trade on BTC on OKEx

Exchange krypto OKEx issued a official statement today, August 3, in response to its forced liquidation of a colossal futures trade (BTC) of the value of a notional $ 416 million which was started by an unidentified problem trader previously

OKEx, currently the second largest exchange of the world by commercial value, claimed that its risk management warning system is was immediately activated when the long position was initiated by an anonymous futures dealer at 2 am (Hong Kong Time) 31 July.

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