棋局|Jan 13, 2026 07:57
Many people say that OKX froze the person who bought KYC well, and that's correct.
The essence of this multi number arbitrage is also the kind of profit making in the cryptocurrency industry, which affects the returns of ordinary single number traders. In fact, it steals the activity funds of the exchange. For example, Sun Jie used 500 million dollars to participate in the launch pool before, which is actually reasonable. He does have money and the source of money is legal, but Zhao Changpeng does not allow him to take so much to compete with retail investors. This activity is essentially a concession from the exchange.
In fact, in the past, Binance began to demand the amount of previous alpha transactions from some programs in order to withdraw funds. This restriction by OKX indicates that these Chinese owned exchanges tend to develop towards compliance and are less likely to be influenced by public opinion in their decisions.
Especially Binance, with enough dog food scattered and a single KOL, it is unlikely to have significant negative effects.
On the other hand, in the past, making money was very fast, and the platform didn't care how much money was sent out. Now that there is a bear market and the returns are low, the exchange has started to increase revenue and reduce expenses. Funds with disputes over KYC like this will be frozen indefinitely, and gradually become platform funds.
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