September 14th, OKX officially announced that the scheduled fund system upgrade, originally planned for September 14th, 2023 from 14:30-14:40 (UTC+8), will be postponed and the time will be adjusted to September 21st, 2023 from 14:30-14:40 (UTC+8).

According to Lookonchain monitoring, a whale withdrew 9,400 ETH (approximately $15.3 million) from OKX three hours ago. It is reported that since the market downturn on August 18th, the whale has withdrawn 32,000 ETH (approximately $52.3 million) from OKX.

Cryptocurrency exchange OKX plans to expand its wallet services in India by hiring local staff and tapping into the country's developer community. The company currently has around 200,000 wallet users in India, which is approximately 5% of the country's web3 users.

On August 30th, OKX officially released the 10th Proof of Reserve (PoR), with reserve ratios exceeding 100% for 22 listed currencies, including BTC, ETH, and USDT at 102%, 102%, and 103%, respectively, with a total value of 10.4 billion US dollars.

August 28th, Eu Yi OKX Hong Kong announced that it will launch a Bitcoin reward program for local users. During the activity period, Hong Kong users who use Visa and Mastercard credit or debit cards to buy encrypted assets for the first time on OKX Hong Kong can receive a 5% Bitcoin reward, which will be directly deposited into the user's account. Lennix Lai, the Chief Business Officer of OKX Global, said: "OKX Hong Kong is in a period of rapid growth, and new users have increased by more than double in the past month. Hong Kong is committed to becoming a global center for Web3 and virtual assets, and user education and adoption are crucial. The "First Swipe to Buy Cryptocurrency" reward program launched by OKX Hong Kong aims to provide existing and potential customers with a user-friendly encrypted asset experience, further promoting the popularity and adoption of virtual assets."

OKX and Bybit have removed sanctioned Russian banks Tinkoff Bank and Sberbank from their P2P service list. (Cointelegraph) Earlier, it was reported that Binance's P2P service no longer listed five sanctioned Russian banks on its website. A Binance spokesperson said, "We regularly update our systems to ensure compliance with local and global regulatory standards. Payment methods that do not comply with our compliance policies are not available on our P2P platform."

Cryptocurrency commentator Yazan claimed on social media X (formerly Twitter) that Binance, OKX, Kucoin, and Bybit have received 16 trillion PEPE coins from the multi-signature wallet of PEPE at address 0xa34B091932D9c9ffcFF254c9Aa1B4210C81F2EA0. Among them, 6.7 trillion PEPE coins were transferred to Binance, 8.5 trillion PEPE coins to OKX, 445 billion PEPE coins to ByBit, and 400 billion PEPE coins to Kucoin. Yazan claimed that these PEPE coins were originally intended to provide funds for listing on exchanges, rather than being dumped on the free market.

Lookonchain monitoring shows that a whale address has withdrawn 13,301 ETH (worth about $22.11 million) from OKX.

18.49 million ID tokens worth approximately $3.6 million, accounting for 6.46% of the circulating supply, were unlocked and sent to two SPACE ID addresses, 0x9c2 and 0x062, one hour ago.Previously, address 0x062 had stored 20% of the received ID tokens, worth approximately $6.38 million, in OKX, but it seems to have no impact on the price.

On August 18th, OKX official account posted a message stating that OKX is constantly striving to provide users with a smooth and secure trading experience. In the context of global compliance, KYC has become one of the most effective ways for the platform to protect users. We are gradually upgrading and iterating the authentication process, simplifying it and complying with global regulatory standards. On Twitter, it stated that all OKX users must complete comprehensive verification before accessing OKX products and services. To ensure normal use, it is strongly recommended that users complete advanced authentication before 15:00 (HKT) on August 21st. Users who are unable to complete the authentication can contact customer service and receive 7*24 service support.