OKX Witnesses Temporary Outage, Second in 3 Months
In an update, the company said its tech team is working to resolve the service disruption and announcing the start of market pre-open. Its tweet regarding the same read,
“We are currently in cancel-only period. After which at 5:27pm UTC+8, trading will resume. We will do a post-mortem once everything is ok. Thank you for your patience.”
- A few minutes later, OKX resumed all services but asked its users to notify the team if they come across any abnormalities.
- OKX added that it will soon publish a post-mortem of the entire event.
- This isn’t the first time OKX revealed an outage. In December last year, the Seychelles-based crypto exchange suffered service disruptions after primary infrastructure provider Alibaba Cloud announced a hardware failure in Alibaba Cloud’s Hong Kong data center.
- The outage lasted for 24 hours, during which OKX processed no transactions.
- The latest outage, on the other hand, lasted for about an hour only, and users have not yet reported any glitches on their trades.
- CryptoPotato has reached out to OKX for a comment on the same.
- Meanwhile, OKX has been releasing its monthly Proof of Reserves (PoR) report allowing its users to verify that the platform holds the amount of cryptocurrency that it claims to.
- Its fourth report was released on February 20th, wherein it depicted holding clean assets worth $8.6 billion in Bitcoin (BTC), Ethereum (
), and Tether (USDT). ETH