We have reported that almost a week ago cryptocurrency exchange giant OKEx had to put a roll-back in effect after BTC price surged as low as $4755 on its futures market due to an ‘irregular’ sell-off. BTC’s price wasn’t the only thing that was affected, this took an emotional toll on many people as well, a man almost killed himself as he has lost a fortune thanks to the crash. That person was not the only one who showed emotions, many people had expressed massive criticism towards to business. Due to the impact of this issue, the exchange finally has reversed trades that took place during the 90 minute incident.

Today the cryptocurrency exchange has released a statement where they denied allegations that suggested that the exchange has actively manipulated the future markets in order to liquidate the position of bullish traders:

“OKEx provides a platform to allow customers to trade in our order books, but we are not directly involved in the trades. Moreover, all the transaction details are public. We, as a trading platform, do not make profit from the price volatility, but generate income from trading fees. We have not reason to, and have never and will not, manipulate the prices of any of our market”.

They added that legal actions will be measured against people who accuse the exchange with market manipulation and disseminating fake charts to that effect:

“We reserve the right to take necessary legal action against any parties who libel our company and reputation by any means,” the company said.