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OKX Launches Frozen Compensation System Offering Up to 30,000 USDT Payout

OKX introduces a 'freeze compensation' program to ensure user security in C2C trading, offering up to 100% compensation for account freezes caused by flagged merchants.

USDT

Summary

OKX has launched a 'freeze compensation' program for C2C transactions, offering users up to 100% reimbursement if their accounts are frozen due to transactions with flagged merchants. This initiative is aimed at reducing security concerns and providing a no-fee trading experience.

Terms & Concepts
  • USDT: A stablecoin pegged to the U.S. dollar, widely used in crypto trading for stability and liquidity.
  • Freeze Compensation Program: A risk management initiative by OKX that provides up to 100% reimbursement for users' frozen accounts in C2C transactions.
  • C2C Transactions: Peer-to-peer transactions on a cryptocurrency exchange where users trade directly with each other, typically facilitated by the platform.