OKX reports the resumption of withdrawals
The exchange will implement a multi-cloud strategy to prevent similar problems in the future
19.12.2022 - 07:15
378
2 min
0
What’s new? On December 19, cryptocurrency exchange OKX reported a full resumption of deposits and withdrawals on the main networks. According to representatives of OKX on the company’s blog, a day earlier, a hardware failure occurred in the systems associated with the cloud service provider.
What else is known? Deposit and withdrawal services were interrupted for several hours on December 18. The downtime was due to the work of cloud provider Alibaba Cloud, while all funds of the exchange’s customers were safe, OKX assured. The monitoring service detected a hardware malfunction that affected servers and the cloud database.
Due to problems at a third-party provider, OKX announced the development of a multi-cloud strategy for further development. After its implementation, the issues of a single provider will not affect the stability of OKX services.
On December 16, it became known that Tesla and SpaceX CEO Elon Musk subscribed to OKX’s account on Twitter. Moreover, this was the only exchange to which he was subscribed, the entrepreneur did not follow the accounts of crypto exchange Binance and its CEO Changpeng Zhao. However, after the withdrawal suspension incident, Musk unsubscribed from OKX.
Earlier, OKX announced compatibility with Ledger wallets. Users will be able to manage their cryptocurrencies on more than 40 blockchains and access decentralized exchanges (DEXs), NFT platforms, and decentralized applications (dApps) directly from their wallets. Currently, only the OKX web extension has compatibility with Ledger and Trezor wallets.
Useful material?
Crypto regulations
The platform will launch after meeting the preconditions of the local exchange authority
Dec 9, 2024
Market
The $1,1 billion figure was reached after the bitcoin correction
Dec 6, 2024
Crypto regulations
By early January, all open positions and loans of local users will be closed and repaid automatically
Dec 5, 2024
Trends
According to the fund’s analysts, stablecoins with a peg to the US dollar will gain popularity as the main means of settlement
Dec 5, 2024
Market
The platform takes no fees and allows any user without programming knowledge to launch their own asset in a few clicks
Dec 4, 2024
Incidents
Alex Mashinsky faces up to 30 years in prison on two counts of fraud
Dec 4, 2024