diff --git a/CHANGELOG b/CHANGELOG
index b7426db..f972440 100644
--- a/CHANGELOG
+++ b/CHANGELOG
@@ -1,3 +1,6 @@
+1.2.8
+-) Bugfix - It is possible to call bfx.ws.run() from an already running event loop
+
 1.2.7
 -) Added ws support for Python 3.9 and 3.10
 
diff --git a/bfxapi/version.py b/bfxapi/version.py
index 64e75f8..e9e4434 100644
--- a/bfxapi/version.py
+++ b/bfxapi/version.py
@@ -2,4 +2,4 @@
 This module contains the current version of the bfxapi lib
 """
 
-__version__ = '1.2.7'
+__version__ = '1.2.8'
diff --git a/bfxapi/websockets/generic_websocket.py b/bfxapi/websockets/generic_websocket.py
index 20ff37a..dcb39a8 100644
--- a/bfxapi/websockets/generic_websocket.py
+++ b/bfxapi/websockets/generic_websocket.py
@@ -84,8 +84,10 @@ class GenericWebsocket:
         thread and connection.
         """
         self._start_new_socket()
-        while True:
-            time.sleep(1)
+        event_loop = asyncio.get_event_loop()
+        if not event_loop or not event_loop.is_running():
+            while True:
+                time.sleep(1)
 
     def get_task_executable(self):
         """
diff --git a/setup.py b/setup.py
index cec0c1f..ffda49f 100644
--- a/setup.py
+++ b/setup.py
@@ -11,7 +11,7 @@ from os import path
 here = path.abspath(path.dirname(__file__))
 setup(
     name='bitfinex-api-py',
-    version='1.2.7',
+    version='1.2.8',
     description='Official Bitfinex Python API',
     long_description='A Python reference implementation of the Bitfinex API for both REST and websocket interaction',
     long_description_content_type='text/markdown',