The malfunction allowed 32 wallets to claim 623M PYBOBO within 4 seconds.
\nThe event emptied nearly all the 625M reward pool almost instantly.
\nThe glitch coincides with OKB\u2019s price underperformance.<\/p>\n
The virtual currency sector recorded another sell-off on Friday as Bitcoin lost 10% in the past 24 hours to press time\u2019s $81,865.<\/p>\n
The global crypto market cap stands at $2.81 trillion after a 10% decline over the last day.<\/p>\n
Amidst the broader bloodbath, OKX\u2019s native token suffered the most as the downside coincided with OKX facing new scrutiny after an unexpected contract glitch in its recent Boost reward campaign.<\/p>\n
A planned distribution of PYBOBO coins ended up with nearly all the pool drained within four minutes, and it wasn\u2019t the massive demand as earlier thought.<\/p>\n
\ud83d\udea8UPDATE: OKX\u2019s PYBOBO Reward Pool drained in seconds. <\/p>\n
Users report massive claims cleared almost instantly, showing the insane demand and liquidity frenzy. pic.twitter.com\/mER1GrLeRJ<\/a><\/p>\n \u2014 The Crypto Times (@CryptoTimes_io) November 21, 2025<\/a><\/p>\n\n OKX\u2019s token underperformed the overall cryptocurrency market in the past 24 hours.<\/p>\n It dipped from $115 to $94 during this writing, and over 18% dip on its daily price chart.<\/p>\n OKB experienced intensified selling pressure as the news of contract malfunctioning spread.<\/p>\n On-chain stats show that 32 addresses claimed 623 million PYBOBO coins, wiping nearly all the 625 million allocated for the distribution event.<\/p>\n The most striking thing is that the entire sweep took only four seconds, catching the team and participants unaware.<\/p>\n Notably, a multifunction within the OKX Boost claim contract seems to have permitted abnormal, rapid claims, allowing a few addresses to receive far more PYBOBO tokens than initially planned.<\/p>\n OKLink identified a particular wallet that claimed 37.847 million tokens, worth roughly $18,600.<\/p>\n Nevertheless, what\u2019s striking is how fast the pool evaporated, with 99.68% of rewards gone by the time the ream noticed the glitch.<\/p>\n The event\u2019s nature indicates an unintended move that propelled distributions well beyond their specified limits.<\/p>\n The team acknowledged the issue immediately after the reports emerged and confirmed delaying PYBOBO claiming until after resolving the contract issuer.<\/p>\n Claiming for PYBOBO rewards will be postponed. <\/p>\n We’ll provide updates here once the issue has been resolved.<\/p>\n \u2014 OKX Wallet (@wallet) November 21, 2025<\/a><\/p>\n\n The temporary pause aims to prevent further potential damage as the project conducts a review.<\/p>\n The team has promised to publish more updates as they investigate the matter.<\/p>\n The incident sent ripples across the OKX ecosystem. OKB testified to that with its overwhelming selling pressure.<\/p>\n OKX\u2019s token\u00a0 hit a daily low of $94 after losing the $100 psychological mark.<\/p>\n\n It has dropped from a daily high of $115, losing over 18% of its value in the past 24 hours.<\/p>\n OKB has seen its daily trading volume surge 100%, signaling increased speculative activity.<\/p>\n The digital coin would likely slump further before regaining a dependable footing as sellers thrive in the current financial landscape.<\/p>\n The post OKB price dips 20% as OKB Boost contract glitch drains entire reward pool<\/a> appeared first on CoinJournal<\/a>.<\/p>","protected":false},"excerpt":{"rendered":" The malfunction allowed 32 wallets to claim 623M PYBOBO within 4 seconds. The event emptied nearly all the 625M reward pool almost instantly. The glitch coincides with OKB\u2019s price underperformance. The virtual currency sector recorded another sell-off on Friday as Bitcoin lost 10% in the past 24 hours to press time\u2019s $81,865. The global crypto […]<\/p>\n","protected":false},"author":0,"featured_media":5561,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"tdm_status":"","tdm_grid_status":"","footnotes":""},"categories":[1],"tags":[],"class_list":{"0":"post-5560","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-bitcoin"},"acf":[],"_links":{"self":[{"href":"https:\/\/digkrypton.com\/index.php\/wp-json\/wp\/v2\/posts\/5560","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/digkrypton.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/digkrypton.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/digkrypton.com\/index.php\/wp-json\/wp\/v2\/comments?post=5560"}],"version-history":[{"count":0,"href":"https:\/\/digkrypton.com\/index.php\/wp-json\/wp\/v2\/posts\/5560\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/digkrypton.com\/index.php\/wp-json\/wp\/v2\/media\/5561"}],"wp:attachment":[{"href":"https:\/\/digkrypton.com\/index.php\/wp-json\/wp\/v2\/media?parent=5560"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/digkrypton.com\/index.php\/wp-json\/wp\/v2\/categories?post=5560"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/digkrypton.com\/index.php\/wp-json\/wp\/v2\/tags?post=5560"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}A 4-second glitch empties 99.68% of incentives<\/h2>\n
OKX Wallets halts claiming amid investigations<\/h2>\n
OKB price outlook<\/h2>\n