Cryptocurrency exchange OKX has issued a statement clarifying that it does not endorse the buying or selling of “shell tokens” that are listed on its exchange. The statement came after a member of the OKX staff shared a series of WeChat conversations in which an individual expressed interest in buying “shell tokens,” which are tokens that are listed on the exchange but have no market value or development activity.
OKX warned that buying such tokens can lead to market manipulation and added that it regularly monitors tokens listed on the exchange and delists projects that cannot function. The founder of OKX also commented on the issue, stating that all projects that stop developing will be delisted according to OKX’s listing agreement.
