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$630 million was withdrawn from OKX in a week

In the period from June 4 to June 11, 2024, the outflow of capital from the OKX crypto exchange amounted to $633.88 million, according to DeFiLlama. Previously, some platform users experienced theft of funds.

According to the platform, in the last 24 hours alone, from June 10 to 11, 2024, the exchange lost $204.67 million. This is the largest figure among companies in the top 10 by market share:

Capital inflow/outflow for the ten largest crypto exchanges on the market. Source: DeFiLlama.

At the same time, in the monthly graph, the outflow of capital from OKX is comparable to the indicator, for example, of the Robinhood platform. As can be seen, the trend towards withdrawals has intensified in recent days.

Last week, an exchange user lost $2 million due to a deepfake video.

Later, information appeared that two more accounts had been hacked. At the same time, journalist Colin Wu pointed out that using Google Authenticator on the platform is an optional condition.

In the second case, the OKX team stated that it had contacted the victims and was conducting its own investigation.

Notably, on June 11, 2024, the exchange announced an update to “some system modules.” In this case, users will be required to re-authorize.

At the same time, we note whether the outflow of capital is related to the above cases of theft of funds is unknown at the time of writing.


Source: Cryptocurrency

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