OKX resumes operations after brief outage

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The OKX cryptocurrency exchange informed users about outages and assured that assets are secure.

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Market pre-open is starting now. We are currently in cancel-only period. After which at 5:27pm UTC+8, trading will resume. We will do a post-mortem once everything is ok. Thank you for your patience.

— OKX (@okx) March 17, 2023

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“OKX systems are experiencing outages due to periodic problems with our servers. Funds are safe. Our technical team is making every effort to resolve this issue as quickly as possible,” the statement says.

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At the time of writing, OKX is operating normally. The company apologized for the inconvenience and asked users to report any difficulties.

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All services have resumed. If you notice any abnormalities, please inform us immediately. We apologize once again for any inconvenience caused.

— OKX (@okx) March 17, 2023

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On December 18, 2022, representatives of the exchange stated there were difficulties in serving customers due to issues on the Alibaba Cloud provider’s side. Deposits and withdrawals resumed the next day.

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In March 2023, BitMEX announced a suspension of trading. The reasons for the outage at the cryptocurrency exchange were not disclosed.

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In January, OKX published the third monthly reserve attestation, confirming that user funds are backed by leading cryptocurrencies.

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Earlier, a number of experts doubted the effectiveness of such checks. In their view, the indicators do not attest to the safety of client assets.