>> * OKEx’s terms of service for futures trading note that they can freeze accounts and liquidate positions as needed. Why didn’t they?
Their terms of service also clearly state how socialized losses work. They both froze his account and socialized losses. And injected a large portion of their own bitcoins into the insurance fund so as to reduce these socialized losses from 40% to 17%.
>> * What customer is so important to OKEx that they’ll risk them breaking the system before they act?
How is BitMEX different from OKEx in term of margin trading disaster?
Have you read… anything about OKEX’s response? They socialized the losses just as their terms dictate.
> We just have no evidence that this isn’t OKEx applying a haircut to their customers.
We actually know precisely what they did.
> That’s what “unregulated” means.
That’s not what unregulated means.
>> * OKEx’s terms of service for futures trading note that they can freeze accounts and liquidate positions as needed. Why didn’t they?
Their terms of service also clearly state how socialized losses work. They both froze his account and socialized losses. And injected a large portion of their own bitcoins into the insurance fund so as to reduce these socialized losses from 40% to 17%.
>> * What customer is so important to OKEx that they’ll risk them breaking the system before they act?
System doesn’t appear to be broken?