$6.5B flash crash of OKX token, crypto exec 'Mr Bang' on the run: Asia Express
OUR weekly summary of news Since East Asia curators THE industry most important developments.
OKX token 48% flash accidentCryptocurrency exchange OKX briefly experimented A 48% flash accident of It is native token, B OK, on January 23.
In less that A hours time, around $6.5 billion In diluted walk capitalization was Before THE token restored It is losses. OKX reported that A generally walk sale on THE day of incident sets off "THE liquidation of several big leverage positions”, which was SO exacerbated by THE liquidations In “promised ready, margin trade And cross currency transactions. »
THE price of B OK tokens fell Since $48.36 has $25.10 In minutes Before bounce. HAS THE time of publication, B OK tokens are trade has $48.77.
In A autopsy update, THE farm that liquidations were sets off by « 50.69 has 48.36 USDT”, In B OK, Or less that A 5% price move. THE exchange has Since promised has repay users For all Related to OKB losses sets off by THE flash crash.
"We will further to optimise place leverage slope levels, promised ready risk control rules, liquidation mechanisms, etc., has avoid similar problems Since event Again," OKX said. "We to understand This situation East unusual And apologize has impacted users. »
Hong Kong technology farm has invest 100 million CHF In Web3Network security farm Integritytech Hong Kong Limit on January 24 that he will invest $100 million Hong Kong Dollars (US$12.79 million) has construction A "Digital Wind Tunnel Assessment Center" has examine THE security apps of new technologies such as 5G, artificial intelligence, blockchain, And Web3 In THE region. THE business said:
"Through This cooperation And THE construction And operation of THE Hong Kong Digital Wind Tunnel Assessment Center, he will help THE business reproduce And promote THE digital security essay And assessment experience accumulated In THE Continent In Hong Kong, further deepening THE the company business layout. »
In A similar move last month, Chinese adventure capital farm ACS Capital has has accelerate digital initiatives In THE Guangdong-Hong Kong-Macao Bigger Bay Area region. ACS Capital East supported by China state-owned National Engineering Laboratory And financial institutions, including THE Asia Peaceful Investment Bank And China Europe International Financial Band. THE farm provides education training, industry capital, And investment incubation For Web3 And AI startups.
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Ondo Finance expands tokenized WE. Treasury offerings has Asia PacificReal world active token issuer Ondo Finance has open A desk In Hong Kong And has plans has develop WE. Treasury headings tokens has investors In THE Asia Peaceful Region.
"There East A active And quickly growth crypto community And A appreciation For THE type of high quality exposure has WE. assets that OUR tokens provide," said Nathan All the men, CEO of Ondo Finance, about THE move.
Ondo has three some products: OUSG, which provides exposure has WE. Treasures; OMMF, which provides exposure has WE. money walk funds; And USDY, provide A yield bearer alternative has conventional stable coins th...
OUR weekly summary of news Since East Asia curators THE industry most important developments.
OKX token 48% flash accidentCryptocurrency exchange OKX briefly experimented A 48% flash accident of It is native token, B OK, on January 23.
In less that A hours time, around $6.5 billion In diluted walk capitalization was Before THE token restored It is losses. OKX reported that A generally walk sale on THE day of incident sets off "THE liquidation of several big leverage positions”, which was SO exacerbated by THE liquidations In “promised ready, margin trade And cross currency transactions. »
THE price of B OK tokens fell Since $48.36 has $25.10 In minutes Before bounce. HAS THE time of publication, B OK tokens are trade has $48.77.
In A autopsy update, THE farm that liquidations were sets off by « 50.69 has 48.36 USDT”, In B OK, Or less that A 5% price move. THE exchange has Since promised has repay users For all Related to OKB losses sets off by THE flash crash.
"We will further to optimise place leverage slope levels, promised ready risk control rules, liquidation mechanisms, etc., has avoid similar problems Since event Again," OKX said. "We to understand This situation East unusual And apologize has impacted users. »
Hong Kong technology farm has invest 100 million CHF In Web3Network security farm Integritytech Hong Kong Limit on January 24 that he will invest $100 million Hong Kong Dollars (US$12.79 million) has construction A "Digital Wind Tunnel Assessment Center" has examine THE security apps of new technologies such as 5G, artificial intelligence, blockchain, And Web3 In THE region. THE business said:
"Through This cooperation And THE construction And operation of THE Hong Kong Digital Wind Tunnel Assessment Center, he will help THE business reproduce And promote THE digital security essay And assessment experience accumulated In THE Continent In Hong Kong, further deepening THE the company business layout. »
In A similar move last month, Chinese adventure capital farm ACS Capital has has accelerate digital initiatives In THE Guangdong-Hong Kong-Macao Bigger Bay Area region. ACS Capital East supported by China state-owned National Engineering Laboratory And financial institutions, including THE Asia Peaceful Investment Bank And China Europe International Financial Band. THE farm provides education training, industry capital, And investment incubation For Web3 And AI startups.
Read also
FeaturesTHE worry with automatic walk creators
FeaturesState of Play: India Cryptocurrency Industry Prepared For A Billion Users
Ondo Finance expands tokenized WE. Treasury offerings has Asia PacificReal world active token issuer Ondo Finance has open A desk In Hong Kong And has plans has develop WE. Treasury headings tokens has investors In THE Asia Peaceful Region.
"There East A active And quickly growth crypto community And A appreciation For THE type of high quality exposure has WE. assets that OUR tokens provide," said Nathan All the men, CEO of Ondo Finance, about THE move.
Ondo has three some products: OUSG, which provides exposure has WE. Treasures; OMMF, which provides exposure has WE. money walk funds; And USDY, provide A yield bearer alternative has conventional stable coins th...
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