OKX said in a public statement about the MANTRA (OM) incident that it uncovered multiple linked accounts working together to pledge large amounts of OM as collateral in order to borrow USDT, artificially inflating the tokenโs price. The resulting significant losses were fully absorbed by OKXโs insurance fund. The exchange added that it has provided relevant evidence to regulators and law enforcement, and that several legal cases are currently in progress.
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Have a rainy day besties โค๏ธโ๏ธ
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Binance founder Changpeng Zhao (CZ) emphasized that the core requirement for hardware wallets is that the private key must remain on the device at all times and never be exposed. Earlier, YZi Labs (formerly Binance Labs) announced that it had invested in OneKey, an open-source hardware wallet provider.
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