Since when did anyone give a fuck about wash trading?
https://support.okex.com/hc/en-us/articles/360002293831 (https://archive.fo/3Lqxs)
Whaleplebs commenting
https://support.okex.com/hc/en-us/articles/360002293831 (https://archive.fo/3Lqxs)
Rollback of Futures Trading Transactions
OKEx
- March 30, 2018 04:12
- Updated
Dear valued customers,
At 5:00-6:30 on Mar 30, 2018 (Hong Kong Time), a number of users performed unusual transactions to manipulate the price of BTC quarterly futures contract, making it deviate greatly from the BTC index. Based on our team's investigation, the user closed a huge amount of positions at market price without considering the cost, causing it to drop to an unusually low level. We will disclose the transactions details in further notice.
According to the term 6.2 of OKEx Futures Trading User Agreement:
"6.2 OKEx reserves the right to enact executive control over accounts if malicious price manipulation or any other malicious wrong doing occurs. If required, OKEx reserves the right to close accounts, limit trading, halt trading, cancel transactions, and rollback transactions to eliminate any adverse effects in the futures market."
To protect the interests of all OKEx users, We have decided to rollback all the futures transactions (weekly, bi-weekly & quarterly) to 5:00 Mar 30, 2018 (Hong Kong Time). The rollback is expected to be completed at around 15:30 but it may finish earlier or later depending on circumstances. We will update the status in every 2 hours. Fiat and Token Trading will not be affected.
As today is the settlement date, weekly futures contracts will be delivered, while bi-weekly and quarterly will be settled after the rollback, according to the price at 5:00 Mar 30, 2018 (Hong Kong Time). Trading will be resumed after the settlement
For users who transferred funds from futures account to spot account after 5:00 Mar 30, 2018 (Hong Kong Time), all the transfers will be rollbacked as well.
OKEx always has the customers' best interests at heart, and we are dedicated to providing the best products and technologies to protect our customers. Transactions were suspended for several hours due to the incident. Please accept our sincere apologies for the inconvenience caused.
Transaction fees of Futures Trading will be waived for 7 days starting 00:00 Apr 1, 2018 (Hong Kong Time), as a gesture of our concern for your inconvenience.
Regards,
OKEx
Mar 30, 2018
Whaleplebs commenting
