OKX releases explanation of significant price fluctuations in CELT and its disposal plan
According to the official announcement from OKX:
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According to the official announcement from OKX:
1. CELT is a GameFi project invested by OKX Ventures in September 2021 with an investment amount of $100,000. According to the investment agreement, related tokens will be unlocked within a year. These tokens are all locked in the OKX Ventures account and have not been operated upon. In addition, OKX Ventures has no affiliation with the project. Previously, several Key Opinion Leaders (KOLs) promoted it on social media platforms claiming it as the "OK offspring" without permission from the OKX platform.
2. OKX immediately initiated an investigation upon noticing related information. After investigation, OKX discovered 5 suspicious profit-making accounts and promptly froze them. The total frozen assets amounted to 714,381 USDT, with some assets already withdrawn from the platform. After repeated communication, the project party agreed to return 1.3 million USDT. During the investigation, no evidence of internal staff involvement in the incident was found. Users are welcome to supervise and provide evidence. If any OKX internal staff are found to be involved in this incident, they will be dealt with seriously upon verification.
3. In accordance with OKX's User Service Agreement, OKX will deduct the entire balance of 2,014,381 USDT from the 5 market manipulating accounts and donate 1 million USDT from its own funds. Using a total of 3,014,381 USDT, airdrops will be made to users who suffered losses in this incident. The specific airdrop recipients are users who bought Celt between 12:00:00 on February 25 and 12:00:00 on February 28 (Hong Kong time) and incurred losses. The specific airdrop details will be announced within 48 hours.
4. As a neutral platform, apart from OKB and OKT, OKX has no special relationship with any project party, and all promotions claiming affiliation with OKX are false.
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