What is an OK exchange token (what’s going on with an OK exchange)

What is an ok exchange token? According to OKCoin’s official announcement, the ok exchange token (OEC) developed by OKEx is a digital currency issued based on blockchain technology. The various services provided by this trading platform, such as payment, wallet, market software, and other related products, enable OEC to perform decentralized operations and value exchange without the knowledge of users. In addition, due to its anonymity and traceability characteristics, oec.io can also provide free tokens to anyone in exchange for ecological project token rewards on the OEC in this way

What’s wrong with the OK exchange

According to official information, around 9:30 pm Beijing time on May 19th, an issue suddenly occurred on the OKEX exchange. The root cause of this problem is that users are unable to withdraw funds due to platform opacity, which leads to hacker attacks and theft of users’ assets. Some netizens have expressed that “the problem is actually very simple” and believe that this is a normal way of operation, but in reality, it is not such a thing in the actual situation In response to this phenomenon, some people point out that if the financial security of a digital currency trading platform is not effectively guaranteed, there may be some potential problems.