You can check the website statistics yourself or request them from us at [email protected]
On this platform, only organic high-quality traffic
Bitcoin
$ 30,725

OKX API Failure Causes Account Balance Confusion, Thousands of Users Affected

The OKX API has recently encountered a technical malfunction, impacting users in Singapore, Japan, and the United States with inaccurate account balances.

As per reports shared on the OKX Telegram, affected users have faced various challenges, ranging from accounts reflecting zero balances to others displaying balances soaring into the tens of millions.

This widespread glitch in the OKX API has sparked significant frustration among traders, leading to reported losses owing to their inability to access or manage positions effectively.

OKX Acknowledges Rest API Issues and Reassures Users

In response to numerous user complaints, OKX has acknowledged issues with their Rest API, which serves as a conduit for connections to external services via standard HTTP requests.

The Rest API encountered a crash, resulting in errors, inaccurate data, and failures when executing trades.

Assuring users, OKX has stated that their engineering team is actively addressing the API glitch and emphasized the protection of user assets throughout the incident.

The exchange clarified that their WebSocket, app, and website remain unaffected by the glitch.

Despite these assurances, the OKX API glitch has impacted the exchange’s native token, OKB, leading to a 2.21% decline in its value to $64.59 as of the latest update.

Recent Developments and Glitches in the Crypto Space

Before the recent OKX API glitch, the exchange had recently integrated Uniswap Labs’ application programming interface (API) into its decentralized exchange (DEX), introducing gas-free trading through a feature called “Snap.”

This feature aimed to streamline decentralized token swapping and establish a direct link with Uniswap, thereby providing the OKX DEX access to the UniswapX protocol and its liquidity.

However, the OKX API glitch is not an isolated incident in the crypto space. In recent weeks, platforms like Coinbase and Solana have also faced outages and glitches.

Solana endured a nearly 5-hour outage in early February, during which block production abruptly halted. The issue stemmed from an infinite recompile loop triggered by a legacy loader program within the JIT cache, necessitating a network upgrade and restart by validator operators.

Coinbase, on the other hand, encountered an outage resulting in a $100 billion loss in Bitcoin market cap within just 15 minutes in late February. The disruption occurred amid a significant rally in Bitcoin prices, with CEO Brian Armstrong attributing the outage to unexpectedly high demand.

Related Posts

Leave a Reply

Confirm now and stay with our news

What we write about

I want to save money. Will cryptocurrency work?

Cryptocurrency is essentially virtual money that operates in a decentralized manner, not through a bank but directly on multiple independent computers.

Every cryptocurrency has two main components: the units of digital exchange called “coins” and the network within which the exchange takes place. These units can be transferred between wallets and exchanged on exchanges. The networks in which these coins exist are called blockchains, which translates to “chains of blocks.”

Latest Articles

Coinbase Board Member Kathryn Haun to Step Down – What’s Going On?
21.04.2024By
Kenyan Volcano Turns on Lights in Rural Homes with Jack Dorsey’s Bitcoin Mining Support
21.04.2024By
Telegram to Introduce USDT Payments With Telegram Wallet and the Open Network
20.04.2024By

Latest news

Coinbase Board Member Kathryn Haun to Step Down – What’s Going On?
21.04.2024
Kenyan Volcano Turns on Lights in Rural Homes with Jack Dorsey’s Bitcoin Mining Support
21.04.2024
Telegram to Introduce USDT Payments With Telegram Wallet and the Open Network
20.04.2024
HashKey Exchange Suspends Binance Deposits and Withdrawals Citing Policy Adjustments
20.04.2024
Mango Markets Hacker Found Guilty, Faces 20 Years in Prison: Reuters
20.04.2024
Japan’s SBI Group Plans to Issue NFTs Built on XRP Ledger for World Expo 2025 in Osaka
20.04.2024
Ethereum Sees $365 Million in Revenue in Q1, Up by 155% YoY
20.04.2024
Anti-Bitcoin SEC Commissioner Caroline Crenshaw May Soon Lose Her Seat
20.04.2024
Is The Bull Market Over Before The Bitcoin Halving? Glassnode Report
20.04.2024
Escaped South Korean Criminal Suspect ‘Used Weapon to Rob OTC Crypto Buyer’
18.04.2024