Eligible OKX Customers Impacted by $BLUR Deposit Delays Will Receive up to 500 $OKB

Crypto exchange OKX released an announcement explaining the $BLUR deposit delays and offering a compensation plan.

When the $BLUR token was listed on OKX on 14 February at 6:30 pm UTC, a large volume of deposits triggered OKX's risk control measures, resulting in slower deposit times, and impacting users' ability to trade. OKX will therefore provide $OKB compensation to eligible users who were impacted by the incident.

Users are eligible for $OKB compensation if they initiated $BLUR deposit(s) and completed 12 confirmation blocks between 6:30 pm and 7:06 pm UTC on 14 February 2023; and had an actual deposit credit occur and appear in their funding account at 7:06 pm UTC or later on 14 February 2023; and waited 10 minutes or longer for deposits to appear in their funding account.

OKX will provide compensation at 500(BLUR):1(OKB) determined by the total number of $BLUR tokens which are determined to have been delayed deposits to a user's account. Maximum compensation per user is 500 $OKB, and all compensation will be deposited directly into users' funding accounts in the next three business days.