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The People’s Bank of China Warns Risks of Crypto Exchanges. OKEX Promises Compensation.

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The People’s Bank of China Warns Risks of Crypto Exchanges. OKEX Promises Compensation.

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00:12-00:24: PBOC published an article with the title of Don’t Be Defrauded by Cryptocurrency Exchanges.
00:25-00:30 PBOC revealed three "traps" of exchange.
00:31-00:51 Three traps: fake trading volume, server outrage, money laundering.
00:56-01:12 "A big exchange" had 6 server downtime, and 3 with unknown reasons.
01:13-01:31 Is OKEX or Binance the "big exchange" here mentioned by PBOC?
01:35-01:56 OKEX announced to compensate victims for the failure of their platform.
01:57-02:23 OKEX is contacting victims, but no specific compensation solutions yet.
02:33-02:51 Victims think OKEX must have been summoned by regulators in Beijing and that's why they reacted so quickly.
02:55-03:10 Victims went to Beijing to put pressure on OKEX.
03:25-03:40 Will Huobi and Binance offer something similar?

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