Investors Lost $135 Million Due To OKEx’s Decision To Close BCH Futures Too Early

OKEx upset its customers once again , this time the crypto exchange cancelled their investments too early, as a result, they lost quite impressive amount of money - $135 million.

These investments include Bitcoin Cash

futures

; OKEx has implemented such investments recently, however, they were not

approved by any regulated business.

The exchange

took all the measures

due to Bitcoin Cash hard fork last week:

“Due to the upcoming hard fork, strong volatility is observed in the BCH spot and futures markets. We expect an even greater volatility…The final outcome of the BCH hard fork is still unpredictable, and so are the responses of other constituent exchanges to the new forked coins.”

Nevertheless, the disruption happened and caused drastic drop in cryptocurrencies’ prices. The Hong Kong-based OKEx decided to

deliver the contracts before their due dates. It caused losses to some investors. According to

Bloomberg

,

Qiao Changhe, one fund manager, lost $700,000.

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