Cryptocurrency Exchange OKEx announced it will roll back futures transactions after "irregular" sell-off. The move follows trading suspension after bit sell-off of futures which moved the futures prices well below the underlying Bitcoin prices.
Market manipulation?OKEx released a statement, saying:
"OKEx always has the customers' best interests at heart, and we are dedicated to providing the best products and technologies to protect our customers. Transactions were suspended for several hours due to the incident. Please accept our sincere apologies for the inconvenience caused"
Bitcoin futures dropped to $4,755 at the time Bitcoin price was above $7,000.
So I wonder, if someone managed to get BTC contract for below 5,000 dollars and now his transaction is going to be rolled back, is this fair?
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