Crypto exchange OKX has promised to compensate users after a flash crash in its OKB token saw the price of the token drop by 48% in 15 minutes.

The compensation will be paid to users who suffered additional losses because of the crash, with a compensation plan set to be rolled out in the next 72 hours. The wider crypto markets have also seen significant price swings, including a sell-off by Grayscale Bitcoin Trust.

OKX is investigating the causes of the price volatility in OKB. The exchange has made regulatory compliance a key focus over the last year, delisting privacy coins in December 2022.

It also introduced extra requirements for users in the United Kingdom earlier in January. #tokens #bitcoin