ChainCatcher news, according to the official announcement, following the release of the explanation and handling plan regarding the significant price fluctuations of the CELT project by OKX, further details on the airdrop rules for the CELT handling plan have been announced.According to the OKX announcement, a total of 3,014,381 USDT will be airdropped to users who purchased CELT tokens (including spot and swap) between February 25, 12:00 (HKT) and February 28, 12:00 (HKT) and incurred losses. For eligible users, the platform will distribute the airdrop to their funding accounts within 48 hours.The loss amount will be calculated based on the quantity of CELT purchased by the user between February 25, 12:00 (HKT) and February 28, 12:00 (HKT), with the specific formula as follows:If the user buys CELT between February 25, 12:00 (HKT) and February 28, 12:00 (HKT) and subsequently sells all the purchased CELT, then the loss amount = (selling average price - buying average price) * buying quantity;If the user buys CELT between February 25, 12:00 (HKT) and February 28, 12:00 (HKT) and subsequently sells part of the purchased CELT, then the loss amount = (selling average price - buying average price) * selling quantity + (2/28 12:00 CELT/USDT price - buying average price) * (buying quantity - selling quantity). (Source link)

ChainCatcher message, OKX released "Statement on the Significant Price Fluctuation of the CELT Project on the OKX Platform and Disposal Plan," indicating that CELT is a Gamefi project invested by OKX Ventures in September 2021, with an investment amount of 100,000 USD. These tokens are locked in the OKX Ventures account and have not been operated.In addition, several KOLs promoted it under the name "OK's favorite," and this behavior was not authorized by the OKX platform. OKX did not find any internal employees involved in this incident during the investigation.Regarding the subsequent disposal, OKX will deduct the entire balance of 2,014,381 USDT from 5 market manipulation accounts and will donate 1,000,000 USDT from its own funds, totaling 3,014,381 USDT to airdrop to the affected users in this incident. The specific airdrop targets are users who bought CELT and incurred losses between February 25, 12:00:00 Hong Kong time and February 28, 12:00:00. Detailed airdrop rules will be released within 48 hours. (Source link)

ChainCatcher news, according to monitoring by 0xScope Protocol, on February 26, the day before the massive pump and dump of the CELT token, 5 EOA addresses deposited 517 million CELT into the OKX exchange, which were worth 2.6 million dollars on February 27. The initial funds for these addresses came from the deployer of the CELT token.It is reported that Celestial (CELT) tweeted in the morning that the official team did not use any relationship with OKX for promotion, and all false promotions were manipulated by other KOLs. (source link)

ChainCatcher news, Xu Mingxing tweeted, "The team will review our listing standards to prevent the listing of similar junk tokens and consider delisting CELT. OKX is a neutral exchange, and no token, except for OKB and OKT, may use its relationship with OKX for promotion." (source link)