In keeping with a press launch issued by cryptocurrency change OKX on February 28, the corporate mentioned: seized 2,014,381 (USDT) from 5 accounts suspected of participating in “malicious market manipulation” of Celestial (CELT) tokens. As informed by OKX, on February 26, Celestial builders introduced the creation of a brand new blockchain sport. Shortly thereafter, the Celestial developer allegedly launched his social media marketing campaign to advertise the brand new sport utilizing OKX branding, which the corporate mentioned was unauthorized. On account of among the exercise, the worth of the CELT token practically doubled inside his two days, earlier than dropping greater than 50% within the subsequent 24 hours to $0.002129 on the time of publication.
In response to insider buying and selling consumer allegations, OKX defined that the change, via its subsidiary OKX Ventures, invested $100,000 within the Celestial GameFi undertaking in September 2021. The “no proof” accounts of insider buying and selling involving OKX employees have been “no buying and selling” and have been found upon investigation.
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