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OKX’s API experiences technical glitches, show errors

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Crypto change OKX encountered a serious technical glitch that led to show errors in account balances.

The incident confused customers, with some accounts displaying zero balances whereas others inexplicably soared to tens of hundreds of thousands of {dollars}. The issue affected hundreds of customers throughout numerous areas, together with Singapore, the UK, and Japan. OKX has since resolved the problem, assuring customers of the platform’s integrity and the security of their belongings.

OKX's API experiences technical glitches, display errors - 1

A person’s message on OKX’s Telegram channel

The change’s Relaxation API crashed. Representational State Switch APIs enable builders to hook up with exterior companies and entry or manipulate sources utilizing customary HTTP requests.

In a cryptocurrency change like OKX, the Relaxation API would sometimes allow customers and third-party functions to carry out actions corresponding to querying account balances, executing trades, and retrieving market information.

This challenge has been resolved. Thanks on your endurance. In case you are nonetheless seeing anomalies, please attain out to @OKXHelpdesk. https://t.co/SJvZm43bwA

— OKX (@okx) March 27, 2024

You may additionally like: Court docket rejects SEC declare that Coinbase Pockets is unregistered dealer

When such an API crashes, interactions encounter errors or fail to finish as supposed. Customers could possibly be unable to entry account info, see incorrect information, or expertise failures when trying to execute trades.

The incident locations OKX amongst a rising listing of exchanges, together with Coinbase, Binance, and BitMex, which have skilled technical difficulties amid the present bull market’s surging site visitors. Coinbase has confronted three crashes in current instances, with a number of customers seeing their balances drop to zero.

See also  HTX Withdraws Hong Kong Crypto Trade Software

Equally, Binance customers in particular areas briefly misplaced entry on account of a crash, and BitMex witnessed a flash crash of Bitcoin earlier within the month. A big promote order value $55.4 million drove Bitcoin’s value right down to $8,900 on BitMex, although the market shortly recovered.

Learn extra: Binance seeks new purchaser for Russian enterprise following CommEX closure

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