- A $ 41 million wallet in OM was moved to OKX immediately before the collapse, which caused panic and caused a 90 % collapse.
- OKX CEO criticized the incident as a “scandal” and pledged full transparency on liquidation and side data.
The last collapse of the Dow talisman symbol (om) sparked controversy over the encryption space, but not more powerful than the OKX CEO, who described the event as a “great scandal for the entire encryption industry.” On April 13thThe CEO of accountability and transparency, is now visited across the sector.
The accident was eliminated more than $ 5.5 billion of market value and was linked to a suspicious deposit of $ 41 million, and it was reported that it was linked to the informed.
OKX CEO, and described the event as a “scandal for the entire encryption industry.” He pledged to issue side data and full filtering, which prompted the transparency on the chain in light of the controversy.
“All unlock and deposit data data is generally, all data of guarantees and filtering main stock exchanges can be investigated. OKX will make all reports ready!” , Written on X.
According to the analyst on the series Amir OrmuA portfolio linked to Laserdigital_ 3.92 million om ilements in OKX. According to what was received by the wallet, its hideout from the GSR market maker a year ago.
Amid panic, rumors spread about 50 % reduced OTC deals, which led to a series of qualifiers on OKX and Binance-especially during low validity hours in Asia.
Denial of the talisman and chaos of the market with an escalation of liquidation
When panic took over the market, rumors spread about the reduced OTC deals worth half of the market. These marks sparked a wave of sales that accelerated central devices such as OKX and Binance, which began to start the forced liquidation due to successive margin calls during low fluid hours-the morning of Asia.
In response, the co -founder of the company, John Patrick Moulin, issued a statement via xThe deviation of blame towards the central platforms:
“The OM market movements arose through the reckless forced closure that the central stock exchanges started,” said Moulin, describing the timing, “neglecting at best, or perhaps intended.”
However, OKX CEO emphasized the importance of the forensic pre -chain medicine and side tracking.
Its focus was seen on providing OKX internal inspection data as a direct challenge to blackout, which still surrounds many high -size encryption transactions.
Moulin confirmed that no sales were made from the inside during the accident and promised a societal invitation to address the investor’s concerns. However, the damage actually happened: Ohm He decreased from $ 6.33 to less than $ 0.50 before a moderate recovery to $ 0.72 the next day.
Despite Bennes comment It is possible that “mutual exchange liquidation” will have a role, and many investors have found that explanations are ill. A user wrote in a telegram group:
“Hundreds of millions were wiped in minutes. This was the perfect storm – complete governor, a lack of OTC, the excessive and radio silence.”
The assets sector in the real world is flexible, but there is still a danger from the inside
The accident sent a shock through the RWA, which caused a decrease in 13.3 % in the total market ceiling, which settled at $ 41 billion, per Coinmarketcap. However, analysts insist that the collapse is isolated from om and does not reflect on the path of the broader market.
detailed a report Written by Ripple and Boston Consulting Group is still upward, the RWA market predicts $ 18.9 trillion by 2033, thanks to the increasing demand for symbolic bonds, real estate and commodities.
However, om crashing has highlighted critical weaknesses – especially when a handful of governor controls most of the supply.
One of the researchers in the industry said: “This was not just a collapse of the project – it revealed how the structures of the prices could be when the concentrated property and the exchanging exchange practices of speculation meet.”
While OKX is preparing to issue its internal results and the community is waiting for more data from the talisman, one clear fact: the credibility of the encryption industry at stake, and transparency is no longer optional – it is survival.
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