Huobi and OKEx have announced that they will be compensating traders who lost funds due to system failure during the crypto market crash two weeks ago.
Huobi Calms Down Unsatisfied Traders
Crypto exchanges were not prepared for the crypto crash on March 12, and some platforms encountered temporary technical difficulties. Huobi and OKEx were among the exchanges that went down due to congestion, causing many traders to suffer significant losses.
The two Chinese exchanges, whose main headquarters are in Singapore and Malta, respectively, formed teams to process clients’ complaints and potentially offer compensation.
On Monday, March 23, some unknown persons even gathered in front of Huobi China’s office and charged the company of disregarding their rights. However, a Huobi spokesperson told local media that some participants of the…
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