OKX exchange plans compensation for Sui token Investors: Report

Many Sui token buyers on the OKX exchange noted that they were unable to cancel their trade order in the Sui token market, when the Sui token trade opened on the exchange as a part of listing procedure.

OKX is a popular crypto exchange. This is the 7th-ranked crypto trade platform by crypto trade volume. 

This exchange was founded by Star Xu in 2017. To this date, the exchange provides services in almost every country where crypto trading is legal, except the US. 

On 3 May 2023, OKX exchange started Sui token trade support on the platform. In the initial time frame of the listing process, many customers were not able to cancel their buy orders & purchased at $1.2 price. 

When many people reported this issue, the OKX team noted that it was a mistake by the team & also that it caused appearance of a bug.

OKX founder Star Xu confirmed that the exchange will release a compensation fund to all the customers who purchased Sui tokensa  at a $1.2 price during the Sui Market Open time frame. 

A popular Chinese crypto blogger explained the main reason why this situation occurred. According to Collin Wu, the Sui token project team asked the OKX exchange to change the suit token market opening time and in that situation they forgot to modify some trading modules in opening time, which further triggered other potential bug in the trading system.

Sui token 

The current trade price of Sui Token is $1.37 & this trade price is 69% down over the last 24 hours trade price. 

This token is not a meme coin-based concept. This token runs on its own native layer-1 blockchain network, developed from the ground up to enable creators and developers to build experiences that cater to the next billion users in web3.

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