$3M OKX airdrop, 1-hour due diligence on 3AC, Binance AI — Asia Express

Our weekly roundup of news from East Asia curates the industrys most important developments.

OKXwill airdrop 3,014,381 (USDT) to users who suffered losses as a result of the Celestial (CELT) token trading incident, the cryptocurrency exchange announced on March 1. On Feb. 26, Celestial revealed the development of a novel blockchain game, followed by extensive social media campaigns promoting the projects alleged backing by OKX. Shortly afterward, the price of CELT pumped nearly 100% in two days before plummeting over 60% after OKX clarified it had no affiliation with the project other than a $100,000 investment from OKX Ventures in November 2021.

Price action of CELT tokens before and after the alleged insider trading incident. Source: CoinMarketCap
Demo Bicasso NFTs generated by CZ, Source: Binance
Former BitFlyer CEO Yuzo Kano. Source: Beyond Blocks Tokyo
3ACs assets under management letter provided as part of due diligence. Source: Voyager

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