Crypto exchange OKX revealed experiencing an outage on March 17th due to intermittent issues with its servers.
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 (ETH), and Tether (USDT).
The post OKX Witnesses Temporary Outage, Second in 3 Months appeared first on CryptoPotato.
Read the full story: Read More“>
Blog powered by G6
Disclaimer! A guest author has made this post. G6 has not checked the post. its content and attachments and under no circumstances will G6 be held responsible or liable in any way for any claims, damages, losses, expenses, costs or liabilities whatsoever (including, without limitation, any direct or indirect damages for loss of profits, business interruption or loss of information) resulting or arising directly or indirectly from your use of or inability to use this website or any websites linked to it, or from your reliance on the information and material on this website, even if the G6 has been advised of the possibility of such damages in advance.
For any inquiries, please contact [email protected]