- This malfunction allowed 32 wallets to say 623 million PYBOBO inside 4 seconds.
- This occasion emptied practically the entire 625 million reward pool nearly immediately.
- This glitch occurred similtaneously OKB’s value efficiency deteriorated.
The crypto sector recorded additional losses on Friday as Bitcoin fell 10% previously 24 hours to $81,865 on the time of writing.
The worldwide cryptocurrency market capitalization fell 10% from the day prior to this to $2.81 trillion.
Amid the widespread debacle, OKX’s native token was the toughest hit, with the downturn coinciding with an sudden contractual glitch in a current enhance rewards marketing campaign that brought about OKX to face new scrutiny.
The deliberate distribution of PYBOBO cash in the end resulted in nearly the whole pool being emptied inside 4 minutes, and the demand was not as giant as initially thought.
🚨Replace: OKX’s PYBOBO reward pool has been depleted in seconds.
Customers are reporting that a lot of claims have been processed nearly immediately, indicating an uncommon demand and liquidity frenzy. pic.twitter.com/mER1GrLeRJ
— Crypto Occasions (@CryptoTimes_io) November 21, 2025
OKX token has underperformed the general crypto market previously 24 hours.
Throughout the writing of this text, it fell from $115 to $94, a decline of over 18% on the day by day value chart.
OKB got here beneath rising promoting stress as information of the contract default unfold.
99.68% of incentives misplaced after a 4 second glitch
In accordance with on-chain statistics, 32 addresses claimed 623 million PYBOBO cash, and nearly the entire 625 million cash allotted to the distribution occasion disappeared.
Most impressively, the whole sweep took simply 4 seconds and was imperceptible to the staff and contributors.
Specifically, the flexibility inside the OKX Increase billing contract seems to permit for unusually quick billing, permitting some addresses to obtain way more PYBOBO tokens than initially deliberate.
OKLink recognized a particular pockets that claimed 37,847,000 tokens value roughly $18,600.
However, what was shocking was how shortly the pool evaporated, with 99.68% of the rewards gone by the point the staff observed the glitch.
The character of this occasion signifies an unintended transfer to drive distribution far past the desired limits.
OKX Pockets suspends expenses pending investigation
The staff acknowledged the difficulty shortly after the report got here out and confirmed it might be suspending PYBOBO’s claims till it resolved the contract issuer.
Receipt of PYBOBO rewards will probably be postponed.
As soon as the difficulty is resolved, we are going to present an replace right here.
— OKX Pockets (@pockets) November 21, 2025
The suspension is meant to forestall additional potential hurt because the undertaking conducts a evaluate.
The staff promised to supply additional updates as they examine the matter.
This incident despatched ripples all through the OKX ecosystem. OKB proved this with its overwhelming gross sales stress.
OKB value outlook
The OKX token hit a day by day low of $94 after shedding the psychological mark of $100.
It has fallen from an intraday excessive of $115 and has misplaced greater than 18% of its worth previously 24 hours.
OKB’s day by day buying and selling quantity has elevated by 100%, indicating a rise in speculative exercise.
As sellers thrive within the present monetary atmosphere, digital cash are more likely to falter additional earlier than regaining dependable footing.
