OKX and Gate.io resume withdrawals following cloud provider issues

Share This Post

Cryptocurrency exchange OKX resumed withdrawals and deposits for its users after it suffered a downtime for several hours on Dec. 18.

OKX downtime

The latest update from the exchange confirmed that deposits and withdrawals have resumed for Bitcoin (BTC), Ethereum (ETH), Tron (TRX), USDT, USDC, and other ERC-20 and TRC-20 tokens. In contrast, support for other cryptocurrencies would be available by 9:00 am UTC.

According to the exchange, its connection issues were caused by a third-party cloud service provider. OKX revealed that it uses Alibaba as its singular cloud provider -the cloud service provider had experienced equipment failure with its equipment in its Hong Kong Zone C.

Meanwhile, the downtime generated panic among users of the exchange. However, OKX assured users that their funds were safe and the exchange was only experiencing a technical problem.

OKX said it would be “implementing a multi-cloud deployment strategy to ensure our core services can be deployed on multiple clouds” to forestall a future recurrence. It added that it would cover all the potential losses due to connection issues that might have prevented some users from closing their orders.

Meanwhile, Gate.io, another exchange that experienced withdrawal issues during the last 24 hours, has resumed services. The exchange blamed its problems on node maintenance from an unnamed third-party cloud provider.

The post OKX and Gate.io resume withdrawals following cloud provider issues appeared first on CryptoSlate.

Read Entire Article
spot_img
- Advertisement -spot_img

Related Posts

Trump Appoints Former SEC Chair to a Role That Could Influence Crypto Oversight

US President-elect Donald Trump has appointed former SEC Chair Jay Clayton to a key role, drawing attention to his crypto regulatory legacy and enforcement record Former SEC Chair Steps Into a Role

WIF Slide Below $3.582 Sparks Fears Of Further Losses

WIF latest dip below the crucial $3582 support has triggered concerns across the market, as bearish sentiment appears to be gathering strength Its break below this key level could pave the way for

Court filings reveal Elon Musk blocked OpenAI’s ICO plans to protect its reputation

Elon Musk revealed in recent court filings that he personally intervened to stop OpenAI from launching an initial coin offering (ICO) in 2018, a move he claimed would have severely damaged the

Cardano (ADA) Could Soar by 55%, Price Reaches Crucial Level

The post Cardano (ADA) Could Soar by 55%, Price Reaches Crucial Level appeared first on Coinpedia Fintech News Cardano (ADA) is making headlines as it leads the market with a remarkable price surge,

Bitcoin Hacker Sentenced To 5 Years For Laundering $10.5 Billion From Bitfinex

Ilya Lichtenstein, who pleaded guilty to his role in the 2016 Bitcoin hack of the cryptocurrency exchange Bitfinex, has been sentenced to five years in prison, as announced by the US Department of

A Crypto Mixer’s Endgame: Helix Operator Sentenced With $400M Asset Forfeiture

The DOJ has sentenced the operator of Helix, a cryptocurrency mixer, to prison and ordered the forfeiture of over $400 million in assets tied to money laundering DOJ Ends Helix’s Reign: Operator