Ouyi OKX Announces Suspension of Recharge and Withdrawal Operations for 15 Tokens: What You Need to Know

04/07/2023 17:14 • Blockchain Briefs • 136 views

On April 7th, it was announced that Ouyi OKX will conduct centralized offline processing for projects that have touched offline rules and may have high-risk risks. It plans to suspend the recharge operations of RNT, CMT, NAS, YOYO, PST, LBA, INX, YEE, MOF, DNA, FAIR, HDAO, ABT, ARK, WNXM on April 6th at 21:00 (UTC+8), and the withdrawal will be suspended at 16:00 (UTC+8) on June 6th, 2023, and will no longer be supported in the future.

Ouyi OKX announced centralized offline processing for projects that have touched offline rules and may have high-risk risks

Introduction

On April 7th, Ouyi OKX made a significant announcement that it would conduct centralized offline processing for projects that have touched offline rules and may have high-risk risks. As a part of this process, the exchange plans to suspend recharge operations for 15 tokens. Here is what you need to know about this announcement and how it will affect your trading on Ouyi OKX.

What Are the Tokens That Will Be Affected?

As per the announcement, the following tokens will have their recharge operations suspended on Ouyi OKX starting from April 6th at 21:00 (UTC+8):
– RNT
– CMT
– NAS
– YOYO
– PST
– LBA
– INX
– YEE
– MOF
– DNA
– FAIR
– HDAO
– ABT
– ARK
– WNXM
Additionally, withdrawal operations for these tokens will be suspended from June 6th, 2023, at 16:00 (UTC+8), and they will no longer be supported on the exchange in the future.

What Is the Reason Behind This Announcement?

The reason behind this announcement is that Ouyi OKX is taking steps to mitigate risks involved in trading some of the tokens that are at higher risks. The exchange is undergoing centralized offline processing for projects that have touched offline rules, which means that these projects would be thoroughly re-examined to ensure safety and security.
In other words, the exchange is taking proactive measures to safeguard its traders’ interests and maintain a stable trading environment by temporarily suspending recharge operations for high-risk tokens that pose significant security threats.

How Will It Impact Ouyi OKX Traders?

The suspension of recharge operations and the eventual delisting of the 15 tokens will impact Ouyi OKX traders in different ways. Those traders who hold these tokens would not be able to recharge them on the exchange, and they would have to sell these tokens on other exchanges that still support them.
On the other hand, traders who do not hold these tokens will not be affected by this announcement. However, they should still be careful with their trading activities, keeping in mind the exchange’s commitment to maintaining a safe and secure trading environment.

Conclusion

The temporary suspension of recharge operations and the eventual delisting of 15 tokens on Ouyi OKX indicates the exchange’s intention to offer traders a secure and stable trading experience. While the announcement may cause some inconvenience to traders who hold these tokens, it’s ultimately a step in the right direction to minimize security risks and promote a safer trading environment.

FAQs

1. How long will these tokens be suspended for recharge operations on Ouyi OKX?
– The recharge operations for these tokens will be suspended starting from April 6th at 21:00 (UTC+8).
2. What happens to the users who hold these tokens?
– The users who hold these tokens will not be able to recharge these tokens on the exchange. They will have to sell these tokens on other exchanges that still support them.
3. Why did Ouyi OKX suspend recharge operations for these tokens?
– The suspension of recharge operations is a part of the centralized offline processing for projects that have touched offline rules and may have high-risk risks. The exchange is taking steps to mitigate the security threats associated with these tokens.

This article and pictures are from the Internet and do not represent aiwaka's position. If you infringe, please contact us to delete:https://www.aiwaka.com/2023/04/07/ouyi-okx-announces-suspension-of-recharge-and-withdrawal-operations-for-15-tokens-what-you-need-to-know/

It is strongly recommended that you study, review, analyze and verify the content independently, use the relevant data and content carefully, and bear all risks arising therefrom.