OKEx has notified users about the suspension of VIU-USDT trading due to a violation of the listing requirements after the system update. The funds can be withdrawn from the platform.
The VIU-USDT is the only trading pair of VIU available on the OKEx exchange now. Specifically, earlier the company delisted Bitcoin and Ethereum getting rid of low-margin trading pairs.
The company stated in the notice:
"We will cancel all pending orders immediately and return all the assets to users’ trading account. We strongly recommend you to withdraw your VIU tokens to your wallet or to a supported trading platform as soon as possible. For VIU token registration details, please contact the project team".
For reference, VIU is the token of Viuly company that offers a decentralized platform of video content. The token was distributed via airdrop, which covered 900,000 Ethereum-wallets in December last year. As the company stated, they have checked the wallets and decided that the bulk of the wallets that took part in the airdrop did show any activity. With such results, the project team developed a new smart contract to withdraw inactive tokens. Meanwhile, users reportedly had to exchange old tokens to new one till November 1 otherwise they might lose their tokens.
However, the company refused to re-list tokens on OKEx in line with the requirements. The reasons behind such a decision are unknown. It is worth mentioning that they re-listed VIU on IDEX in early November.