insurance fund

Okcoin, BTC insurance fund and socialized losses is not sustainable.

I think most of you are aware of the new changes to socialized losses on btc futures at Okcoin. If so, skip ahead. In summary, they are going to stop adding insurance funds. This is used as a safety net for margin called losses that aren't filled. As of today, the weekly insurance fund is at 17BTC with last week’s loss totaling more than 150+BTC.