OKX Exchange's OKB Token Recovers After Stark 48% Flash Crash

Cryptocurrency exchange OKX encountered a sudden and significant flash crash, resulting in a staggering 48% decline in the value of its native token, OKB. Market Turbulence and Rapid Recovery Within less than an hour, approximately $6.5 billion in diluted market capitalization vanished before the OKB token regained its losses. OKX attributed the incident to an overall market sell-off that triggered the liquidation of numerous large leverage positions. This was further exacerbated by liquidations in pledged lending, margin trading, and cross-currency transactions. According to Coin...

source: https://tokenpost.com/OKX-Exchanges-OKB-Token-Recovers-After-Stark-48-Flash-Crash-11150

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