# OKX seizes 2M USDT linked to market manipulation
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” OKX seizes 2M USDT linked to market manipulation “
In response to user allegations of insider trading, OKX explained that the exchange, through its subsidiary OKX Ventures, invested $100,000 into the Celestial GameFi project in Sept. 2021. However, the exchange stated that the CELT tokens it received were deposited into OKX Ventures’ accounts “without any transactions,” and “no evidence” of insider trading involving OKX staff was found as per its investigation.
Nevertheless, the exchange froze 714,381 USDT from five accounts suspected of market manipulation and claimed Celestial would return 1.3 million USDT linked to such activities that have since left the exchange. As outlined by OKX, the firm will allocate 1 million USDT, along with 2,014,381 USDT obtained through seizure, for a combined restitution of 3,014,381 USDT to be airdropped to affected users. Users are eligible for the airdrop if they purchased CELT tokens between Feb. 25, 12 AM Hong Kong Time (HKT) to Feb. 28, 12 AM HKT, and suffered losses. Due to the complexity of the Airdrop, OKX says it will publish details within the next 48 hours.
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