TechFlow news — OKX has released an explanation and resolution plan regarding the significant price fluctuations of the CELT project on its platform. The announcement stated that on February 27, CELT experienced extreme market volatility, prompting numerous user inquiries. After investigation, the following resolution measures have been established:
1. According to Section 4.15 of OKX's Terms of Service, "OKX strictly prohibits malicious activities such as market manipulation and reserves the right to return illicit gains from market manipulation to affected users." OKX will confiscate the full balances from five manipulating accounts, totaling 2,014,381 USDT.
2. Additionally, OKX will contribute 1,000,000 USDT from its own funds.
3. The combined amount of 3,014,381 USDT from both sources will be distributed via airdrop to users who suffered losses during this incident. Eligible recipients are users who purchased CELT and incurred losses between February 25, 12:00:00 and February 28, 12:00:00, Hong Kong time.
