OKEx Denies Responsibility for Bitcoin Price Crash on Futures Exchange

Cryptocurrency exchange giant OKEx is pushing back against allegations that it is responsible for market manipulation that caused the Bitcoin price to crash below $5,000 on its futures exchange last week.

In a statement released Wednesday, the Hong Kong-based exchange denied allegations that it had actively manipulated the futures markets to liquidate the positions of bullish traders.

Traders whose positions were liquidated during the sell-off were livid, and one exceptionally-distraught individual reportedly went to the company’s headquarters and threatened to commit suicide.

Reference: https://www.ccn.com/okex-denies-responsibility-for-bitcoin-price-crash-on-futures-exchange/

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