It appears that one of OKX’s hot wallets shows it hasn’t processed any withdrawals for 7 hours at the time writing.

Users of the crypto exchange Gate. io are facing slow deposits and withdrawals on transactions due to a node maintenance from a third-party cloud provider, according to an announcement on Dec. 18. Gate. io said the transactions are still being processed, and claimed the funds of users are safe. The company stated:

Elon Musk has started following the cryptocurrency exchange OKX on Twitter, which has suddenly skyrocketed its token, OKB’s price.

To meet users’ demand, OKX crypto exchange enabled the flexible staking feature for five top digital assets including XRP, Shiba Inu (SHIB), and Dogecoin (DOGE).

A crypto analyst who goes by ZachXBT on Twitter alleged that the FTX hackers have transferred a portion of the stolen funds to the OKX exchange, after using the Bitcoin mixer ChipMixer. The analyst reported that at least 225 BTC — worth $4.1 million USD — has been sent to OKX so far. 

This comes at a time when crypto exchanges are coming under greater scrutiny after the collapse of FTX.

Solana (SOL) trades at $13.5, with a 5% loss in the last 24 hours and a 3% loss in the previous week. The cryptocurrency is recording significant losses across all timeframes due to the recent event surrounding FTX and the contagion impacting the crypto industry. 

Crypto exchanges Binance and OKX announced temporary suspension of USDC (SOL) and USDT (SOL) deposits.

Crypto exchange OKX plans to launch a $100 million ecological support fund for crypto projects suffering from liquidity issues due to FTX’s bankruptcy saga.

Crypto exchange OKX on Monday announced $100 million in recovery funds to support projects with liquidity issues and to migrate from Solana. Binance CEO “CZ” earlier announced a similar industry recovery fund as the crypto market continued to drag lower amid the FTX crisis.