OkEx Exchange – Manipulation Causes Widespread Panic

OkEx Exchange – Manipulation Causes Widespread Panic


On the afternoon of March 30th, traders at the OKEx exchange experienced a moment of distress as they witnessed an atypical situation regarding Bitcoin’s future market prices: While the price of bitcoin remained on a bearish trend around $7000 worldwide, traders saw their currency drop to lows below $4800.

The situation was so extreme that, as can be seen in the graph below, bitcoin dropped by almost 1% every second, from over 6500 to 4755 in less than half an hour (while in the rest of the world the price of bitcoin was still fluctuating “stable” …

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