📣 OKEx maintains order in the futures market by injecting 2,500 BTC

Following the enormous long position liquidation event, OKEx has taken steps to mitigate market impact using its societal loss model. When the insurance fund cannot cover the total margin call losses, a full account clawback occurs. OKEx will take additional measures, including the addition of 2,500 BTC to the insurance fund from OKEx's capital pool, in order to help minimize market impact. During the settlement at 4 PM Aug. 3, 2018 (HKT) the excahnge reserves the right to delay the settlement process and adjust the price manually in the event of "malicious manipulation." Additionally, OKEx will implement a series of risk management enhancements including an anti-manipulation policy, a tiered margin system and optimized process of forced liquidation, and a new mark price.

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