Cryptocurrency exchange OKEx has announced a compensation program for users who have made deposits, held tokens or traded during the period in which the exchange had to freeze withdrawals.
Subscribe to our Telegram channel to stay up to date on the latest crypto and blockchain news.
According to an official announcement, OKEx will put up to 20% of its total income from futures and perpetual swap transaction fees over the last seven weeks into an "incentive fund that will be issued as a one-time payment to users based on their assets and transaction conditions."
The asset weight calculation will be doubled for the exchange's native token OKB.
OKEx also says it will issue a commission rebate card valued between a minimum of 100 USDT and a maximum of 1,000 USDT for those whose assets exceeded 10,000 USDT before 4:00 pm UTC on November 23.
"Users’ continuous support and trust is crucial to the long-term sustainability of all platforms," the exchange said.
As iHodl earlier reported, OKEx plans to resume withdrawals on November 27.
It has been a month after the exchange froze the withdrawals of funds after the founder of the platform, Star Mingxing Xu, had allegedly been arrested by the Chinese police in order to "collaborate in an investigation."
Access more than 50 of the world's financial markets directly from your EXANTE account – including NASDAQ, London Stock Exchange and Tokyo Stock Exchange.