Actions speak louder than words: OKEx Distributes $5M Trading Commissions to Users Weekly


  https://nulltx.com/against-fake-volume-allegation-okex-distributes-5m-trading-commissions-to-users-weekly/

  Nulltx posted an article today to clarify the FAKE VOLUME allegation upon OKEx, the world-leading digital asset exchange. According to nulltx, the main proof is that OKEx has a long-term program called Happy Friday, a bonus distribution campaign that to give away 50% of its trading fee to OKB (OKEx platform token) holders weekly.

  For example, if OKEx has washed trade grossly from $10 billion to $20 billion, meantime the trading commission raised from $5 million to $10 million (assumptive), then it needs to pay the extra $7.5 million from their own pocket. Why would OKEx make fake volume of the $20 billion? Hope the rumors will stop when it comes to a wise person.

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storing private keys offline


i was reading this excellent post from Coinbase [How Coinbase Builds Secure Infrastructure To Store Bitcoin In The Cloud](https://engineering.coinbase.com/how-coinbase-builds-secure-infrastructure-to-store-bitcoin-in-the-cloud-30a6504e40ba)

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and they mention Cold Storage

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>If you have any particularly sensitive keys (in our case, bitcoin private keys) try storing them entirely offline (air-gapped). Coinbase early on made a decision to store the vast majority (98%+) of customer bitcoin entirely offline, in safe deposit boxes.

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so how does that work in daily operations? do they need to physically sign every transaction by taking it into a room with white padded walls? or.. are they just storing back ups offline??

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