OKX launches investigation after OKB price plunged by 50%
Crypto exchange OKX has started an investigation into the abrupt 50% decline in the value of its native token OKB. Cryptocurrency exchange OKX has launched an investigation following a rapid 50% decline in the value of its native token, OKB. The unexpected plunge saw OKB’s value drop to $25.1, prompting OKX CEO Star Xu to address the matter. While the CEO did not delve into specific details, Xu said the OKX team is actively investigating the recent volatility in OKB prices, promising to provide a report on the matter at a later time. Our team is investigating the recent okb price volatility. We will report to the community later. pic.twitter.com/UI9uPgQfA5 — Star (@star_okx) January 23, 2024 You might also like: OKX to delist privacy tokens in January 2024 While it’s unclear what was the reason behind the quick price drop, CryptoQuant CEO Ki Young Ju noted in an X post that “no notable outflows” from OKX’s major asset reserves have...