Controversies
Controversies tied to this brand in public sources. A listing is not a finding of fault.
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2020
Temporary withdrawal suspension
OKX temporarily suspended withdrawals while founder Star Xu cooperated with a police investigation. The company later announced that withdrawals would reopen by late November 2020.
2018
Bitcoin-futures liquidation and socialized clawback
A trader reportedly opened a bitcoin-futures position with a notional value of about US$416 million on margin. After forced liquidation, OKX added 2,500 bitcoins to its insurance fund, while traders with unrealized profits from the preceding week faced a 17 percent clawback to cover the remaining deficit.