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OKX to Compensate Eligible Customers for BLUR Deposit Delays with Up to 500 OKB Tokens

OKX, a popular cryptocurrency exchange, has announced that it will compensate eligible customers who were impacted by BLUR deposit delays. The compensation will be provided in OKB tokens, up to a maximum of 500 OKB per user.

According to the announcement, when the BLUR token was listed on OKX on February 14, a large volume of deposits triggered the exchange’s risk control measures, resulting in slower deposit times and impacting users’ ability to trade. As a result, OKX has decided to provide compensation to affected users as a gesture of goodwill.

To be eligible for compensation, users must have initiated BLUR deposits and completed 12 confirmation blocks between 6:30 pm and 7:06 pm UTC on February 14. They must also have had an actual deposit credit occur and appear in their funding account at 7:06 pm UTC or later on the same day and waited 10 minutes or longer for the deposits to appear in their funding account.

OKX will provide compensation at a rate of 500 BLUR tokens to 1 OKB token, determined by the total number of BLUR tokens that are determined to have been delayed deposits to a user’s account. For example, if a 40,000 BLUR deposit is determined to have been delayed and eligible for compensation, the user will receive 80 OKB tokens (40,000 / 500 = 80).

The maximum compensation per user is 500 OKB, and all compensation will be deposited directly into users’ funding accounts in the next three business days.

OKX has apologized to its users who experienced delayed deposits or were unable to execute trades in their preferred timeframes. The exchange has always prioritized its customers and is taking steps to ensure that such incidents do not happen again in the future.

In conclusion, eligible OKX customers who were impacted by BLUR deposit delays can now expect to receive up to 500 OKB tokens as compensation. The exchange’s efforts to compensate affected users demonstrate its commitment to customer satisfaction and service excellence.

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