i would guess that the "public security bureau" mentioned in the article didn't approve of being identified beyond the phrase "public security bureau" named in the video. that was perhaps the only unpolished information i noticed during the video.
first half was talking about how OKEx (and floatSV) is currently unable to process withdrawals. that while the exchange is declaring user funds are safe, we can't know how long it will take to reopen withdrawals on the platform(s).
users may already have this option or something like it, or this idea is still in the works, or perhaps it was scrapped entirely. i dont know why else the video would have been pulled, but what it sounded like was users can use their trapped funds as a form of collateral for a tokenized form of their assets on exchange. (at a 1:1 ratio)
the tokenized asset has a value and can be traded outside of the exchange. for an example, a user may have full faith that their funds on exchange are safe, and that eventually they will regain access to their funds. however that same user with immediate liquidity needs have the option to sell this token on the open market (which will likely be less than the full 1:1 exchange rate). in other words, it sounded like it was offering a way to get out (for a premium) or a way to get in (at a discount)
i would guess that the "public security bureau" mentioned in the article didn't approve of being identified beyond the phrase "public security bureau" named in the video. that was perhaps the only unpolished information i noticed during the video.
first half was talking about how OKEx (and floatSV) is currently unable to process withdrawals. that while the exchange is declaring user funds are safe, we can't know how long it will take to reopen withdrawals on the platform(s).
users may already have this option or something like it, or this idea is still in the works, or perhaps it was scrapped entirely. i dont know why else the video would have been pulled, but what it sounded like was users can use their trapped funds as a form of collateral for a tokenized form of their assets on exchange. (at a 1:1 ratio)
the tokenized asset has a value and can be traded outside of the exchange. for an example, a user may have full faith that their funds on exchange are safe, and that eventually they will regain access to their funds. however that same user with immediate liquidity needs have the option to sell this token on the open market (which will likely be less than the full 1:1 exchange rate). in other words, it sounded like it was offering a way to get out (for a premium) or a way to get in (at a discount)