📰 Table Of Contents
OKX API Glitch Leads to Incorrect Account Balances
The OKX API has recently faced a technical glitch resulting in incorrect account balances for users in Singapore, Japan, and the United States. Users have reported various issues, from zero balances to balances in the millions.
Users Express Frustration Over Account Balances
Traders have faced major frustration due to losses from the inability to access or close positions because of the glitch.
OKX Acknowledges Rest API Issues
OKX has acknowledged the problems with their Rest API, which connects to external services through standard HTTP requests. The exchange reassured users that they are working to resolve the glitch and ensure the safety of user assets.
Impact on OKB Token Value
As a result of the API glitch, the value of OKB, the exchange’s native token, has declined by 2.21% to $64.59.
Recent Developments and Glitches in the Crypto Space
Prior to the OKX API glitch, the exchange integrated Uniswap Labs’ API into its decentralized exchange to enable gas-free trading through the “Snap” feature.
Other Recent Incidents in the Crypto Space
Other platforms like Coinbase and Solana have also experienced outages and glitches. Solana faced a nearly 5-hour outage due to a block production halt, while Coinbase suffered a $100 billion loss in Bitcoin market cap in just 15 minutes.
Ian is a cryptocurrency enthusiast blending humor with professionalism. With an engineering background and a storyteller's heart, he simplifies the blockchain world with sharp analysis and a touch of wit. At Cryptowire, he brings his unique perspective to make digital financial innovation accessible to all.
