If the order has not been fulfilled after a long period of time, the engine will cancel the unfulfilled order and re-post at a new price and amount based on the latest market depth, basis, bankruptcy price, and index price.

of liquidated futures/swaps positions, with no effect on the market liquidity, OKX develops the following methodology1.Glossary a.Forced-liquidation Price: When the mark price reaches the forced-liquidation price and a user’s margin is lower than the required level, force-liquidation will be triggered. b.Bankruptcy Price: The price at which a user loses all margin c.Entrusted Price of Liquidated Position: The price at which a liquidated position is put into the market by our forced-liquidation engine

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In the subsequent real-time settlement operation process, if the market is due to extreme market conditions or abnormal user manipulation, resulting in the accumulation of large liquidation orders and abnormal rapid consumption of risk reserves, the intelligent risk control engine may temporarily close some or all users fund transfer function of the corresponding contract account until the market returns to normal.

Sub-affiliates (and affiliates) are also strictly prohibited from posting, linking, or submitting any links related to OKX on search engines, digital platforms, or any other online medium which could be accessible by individuals in Prohibited Jurisdictions. Failure to adhere to the above guidelines may result in immediate termination of your account and may expose you to legal action and liability for damages, including those imposed by regulatory authorities within the specified jurisdictions.

In the subsequent real-time settlement operation process, if the market is due to extreme market conditions or abnormal user manipulation, resulting in the accumulation of large liquidation orders and abnormal rapid consumption of risk reserves, the intelligent risk control engine may temporarily close some or all users fund transfer function of the corresponding contract account until the market returns to normal.

In the subsequent real-time settlement operation process, if the market is due to extreme market conditions or abnormal user manipulation, resulting in the accumulation of large liquidation orders and abnormal rapid consumption of risk reserves, the intelligent risk control engine may temporarily close some or all users fund transfer function of the corresponding contract account until the market returns to normal.

Positions/Orders structure Before After Open positions: BTC spot: 10 BTC BTCUSDT perpetual: -1,000 contracts Orders: BTC/USDT spot buy orders: Buy 5 BTC at a mark price MR1, 2, 3, 4, 5, 6 = 0 USDT MR7 = 3,020.87 USDT MMR = Max [Max (MR1, MR2, MR6) + MR3 + MR4 + MR5, MR7)] = 3,020.87 USDT MR1, 2, 3, 5, 6 = 0 USDT MR4 = 8,053.32 USDT MR7 = 3,020.17 USDT MMR = Max [Max (MR1, MR2, MR6) + MR3 + MR4 + MR5, MR7)] = 8,053.32 USDT Liquidation engine: Enhances the liquidation structure by incorporating a basis

During the real-time settlement operation process, if the market — due to extreme market conditions or abnormal user manipulation — reflects accumulation of large liquidation orders and abnormal rapid consumption of risk reserves, the intelligent risk control engine may temporarily close some or all users fund transfer functions of the corresponding contract accounts until the market returns to normal.

Posting, linking, or submitting any links related to OKX on search engines, digital platforms, or any other online medium which could be accessible by individuals or entities located in the Prohibited Jurisdictions.

During the real-time settlement operation process, if the market (due to extreme market conditions or abnormal user manipulation) reflects accumulations of large liquidation orders and abnormal rapid consumption of risk reserves, the intelligent risk-control engine may temporarily close some or all user fund transfer functions of the corresponding contract accounts until the market returns to normal.

Don't search the OKX website through Google or other search engines and log-in without double checking. It's recommended to input manually the official website of OKX: https://www.OKX.com. Don't enter sensitive information such as an account password in an unsafe environment or disclose account information to others, especially security related information such as passwords and private keys. OKX has launched anti-phishing code function.

The Security Fund is self-sustaining and is funded primarily by collecting profits generated during the liquidation process.When a leveraged position is liquidated: The liquidation engine takes over the position. If the position is closed out at a price better than the bankruptcy price, a surplus is generated. This excess margin or surplus profit is contributed directly to the Security Fund to grow the reserve.

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