OKEx Initiates ‘Clawback’ after Bitcoin Futures Market Unable to Cover $420 Million Liquidation ByGerald FenechPRO INVESTOR Updated: 11 August 2021 DisclosureWe sometimes use affiliate links in our content, when clicking on those we might receive a commission – at no extra cost to you. By using this website you agree to our terms and conditions and privacy policy. OKEx has moved to protect its futures market with an injection of 2500 BTC into the exchange’s insurance fund from its own capital after a forced liquidation on July 31st threatened to destabilize its operations. The futures contract amounted to a staggering $420 million worth of BTC. OKEx moved swiftly to counter this liquidation with The post OKEx Initiates ‘Clawback’ after Bitcoin Futures Market Unable to Cover $420 Million Liquidation appeared first on CCN
