Wintermute Transfers 4M BLUR To OKX, Bybit, KuCoin, Gate, and Huobi

• Four million Blur tokens were transferred to exchanges like Bybit, KuCoin, OKX and more.
• Users on OKX reported that there was a delay in BLUR arrival during the deposit process.
• OKX confirmed it was the huge BLUR recharge flow behind the issue.

On February 14, the smartmoney on-chain platform Lookonchain reported that Wintermute transferred 4 million BLUR tokens into multiple crypto exchanges including Bybit, KuCoin, Gate, OKX, and Huobi.

Meanwhile, OKX users have complained that there was a delay in the arrival of BLUR during the deposit process on the morning of February 15. OKX informed that after the transaction started, there was a huge BLUR recharge flow that caused the problem.

OKX also shared that its team will optimize the risk system and internal procedures to prevent the problem from occurring in the future. Additionally, it will launch an “OKB airdrop” campaign to assist affected customers.

On the other hand, in less than 24 hours following its much-publicized airdrop, Blur tokens have already seen more than $500 million in trade volume. Airdrops, which are typically employed as a user acquisition strategy, are the uninvited release of a cryptocurrency token or coin, usually for free, to various wallet addresses.

Users of the Blur marketplace received airdropped BLUR tokens, with the quantity of each airdrop based on the platform’s overall activity, network volume, and individual users’ transactions.

According to Twitter, this meant that some individuals acquired as many as 128,000 BLUR tokens. Etherscan, a blockchain tool, also reveals that consumers received anywhere from 25 and hundreds of thousands of BLUR.

Earlier CoinGecko reported that over $530 million worth of blur has been traded on exchanges like OKX, Kucoin, and Uniswap. DeFiLlama data shows that the overall value of tokens on the Blur marketplace increased by $10 million over the course of 24 hours.