Former CTO of Bitcoin Exchange OKCoin Changpeng Zhao Speaks Out about Scams and Trading Bots
Changpeng Zhao left OKCoin earlier this year, with the company owing him $10,000 and apparently feeling no obligation to pay him. A company that doesn't treat its employees well will inevitably have other problems, and so Zhao's exit could have served as a warning for the rest of the community, including Roger Ver, who says they owe him tens of thousands of dollars now. Zhao took the time to make a lengthy statement to the Bitcoin community via Reddit recently. As a former high-ranking company official, his view of how things work at OKCoin is valuable insight. I tried hard to stay out of....
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Former OKCoin chief technology officer Changpeng Zhao has hit back at allegations that he forged a contract at the center of a dispute between bitcoin entrepreneur Roger Ver and the Chinese bitcoin exchange. "I signed version 7 of the contract with Roger. It was sent via email with my PGP signature. I do not recall a version 8," he wrote. "With either version of the contract, OKCoin is seriously violating its obligations." Zhao alleged that OKCoin artificially inflates its volume through the use of bots that engage in self-trading, manipulated the results of its August 2014....
The ‘big three’ Chinese exchanges – BTC China, OKcoin, and Huobi – have been ramping up their offerings to customers and have demonstrated their desire to expand into lucrative western markets. In a follow-up to our previous interview with OKcoin, this time we got the chance to talk with the CTO of the Beijing-based exchange, Changpeng Zhao, who shared his thoughts on his company’s recent audit, the NY state BitLicense and a whole lot more. CoinTelegraph: OKcoin has revealed it has 104% reserves when it underwent an audit last month. Why did you decide to do this audit and are you looking....
Following a company dispute, Changpeng Zhao left bitcoin exchange OKCoin earlier this year and decided to speak up on the issues that led to his exit. The former CTO made a statement via Reddit sharing the details of his verbal contract with Roger Ver and how the company still owes him tens of thousands of dollars. "I tried hard to stay out of the public dispute between OKCoin and Roger Ver, hoping they would resolve themselves, over a contract relatively small in size," he began. "I know anything I add publicly simply throws more gas on the fire, which is not helpful for resolving the....
The issue of trade volume authenticity on Chinese exchanges has surfaced again, with one user accusing the country's busiest exchange OKCoin of manipulating volumes after bitcoin statistics sites displayed a sharp drop in a short period. Chinese exchanges including OKCoin have been accused in the past of artificially inflating their trade volumes and even influencing prices by using in-house software 'trading bots'. The exchanges have always categorically denied this, saying high volumes are the result of their low (or absent) trading fees. Sudden decline in volume. Reddit user....
Flibbr, a bitcoin-based marketplace, recently hosted a Google hangout session with two members of the OKCoin Bitcoin exchange: Zane Tackett and Chief Technical Officer Changpeng Zhao. During the hangout, Zhao commented on an upcoming hedge fund trader with an enormous amount of money to trade. Zhao said: "Also very exciting, we have a new client. I cannot disclose the name yet. It's a €3 billion market cap client. They just do hedge fund trading, and they're going to be trading on our platform. That's a pretty big institution." The news is huge for the bitcoin exchange thatjust recently....