Major cryptocurrency exchange OKEx has denied claims of involvement in its bitcoin futures market plunge last week.
The Hong-Kong based exchange rolled back all futures trades last week after experiencing what it called an “irregular” sell-off, as earlier report stated. The irregular trade resulted to a significant plunge of its bitcoin futures price compared to the underlying price of Bitcoin. At the time, the futures price dropped to $4,755 after an earlier fall to almost $5,000.
The development followed a widespread criticism across social media, with some investors claiming that OKEx was involved in the alleged manipulation of its futures market. The company however issued a statement on Tuesday, in which it refuted the allegations while claiming that it was not in anyway involved in its futures trades.
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https://bitzamp.com/okex-deny-claims-market-manipulation-bitcoin-futures-rollback/
