The Risk for trading BT2 and the update on BCD issuance

 New Listings    |      2022-08-08

Dear Valued Customers:

After the release of our Segwit2X Hard Fork failure handling, we have received numerous feedback and recommendations requested us to further observe the situation. We would like to thank you for those valuable feedbacks. In order to protect the interests of our users, we have decided to suspend the previous proposed failure handling.

According to public information, there are no new blocks being produced at block height of 494784 since 12:48 (GMT) November 17, 2017. Moreover, Segwit2x did not have a dymanic adjustment mechanism, so there is still a high probability that Segwit2x Hard Fork will not be succeed therefore BT2 will eventually return 0.

If Segwit2X Hard Fork fails, OKX will activate the Failure Handing Protocol and BT2 will reset to 0. We would like to take this opportunity to remind all the users to pay special attention when trading BT2.

Moreover, we will cease trading for 10 minutes when the block height reaches 495866 (expected to occur on November 24, 2017 in Beijing Time) and take a snapshot of your BT1 balance of your OKX spot accounts. If the BCD hard fork goes well and deemed to be safe, we will credit you the BCD at a specific time. At that time, you can receive the BCD in 10 times the number of BT1 you have in your accounts.

Please kindly refer to OKX announcements for more updates on how to receive your BCD based on BTC.

Once again, as always, OKX will do all we can to provide you with the best products and services.

November 22, 2017

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