OKX CEO Star explained that SLERF’s sharp price fluctuations stemmed from a temporary deposit suspension, emphasizing the exchange’s quick corrective action and ongoing commitment to transparency and user protection.
OKX CEO Star attributed SLERF’s sharp price volatility to a temporary suspension of deposits, which caused internal OKX prices to diverge from broader market levels. The issue posed risks as OKX prices were included in contract indices on other platforms. OKX’s risk control team quickly resumed SLERF deposits, restoring fair pricing. Star reaffirmed the exchange’s stance on neutrality, safety, and transparency, highlighting that OKX prioritizes retail user interests and compliance with global regulatory standards.