OKEx has stopped withdrawing all cryptocurrencies …

OKEx has stopped withdrawing all cryptocurrencies …

OKEx Exchange Stops All Cryptocurrencies Withdrawal Amid Founder Detention (Updated)

Cryptocurrency exchange OKEx this morning indefinitely suspended the withdrawal of all assets. As an explanation, she referred to the “unavailability” of one of the key holders and his “ongoing collaboration with the public security bureau in the investigation”.

According to OKEx CEO Jay Hao, the reason for the investigation was a “personal question” of the key holder. As the company explains, in his absence, it is impossible to authorize the withdrawal of cryptocurrency from exchange wallets..

“Other OKEx features are available as usual and the security of your assets on OKEx will not be affected,” the company said. – We will resume withdrawal of cryptocurrencies as soon as the mentioned private key holder is able to authorize the transaction “.

According to CoinGecko, OKEx is currently the second largest cryptocurrency exchange in terms of trading volume in the spot and derivatives markets. Within 30 minutes of its announcement, the price of bitcoin fell by 3%, but has since partially recovered..

According to Red Lee, co-founder of the Chinese crypto-news portal 8btc, at the same time there were “rumors” that “over 800 accounts on a” certain “exchange were involved in cross-border money laundering operations..

OKEx has stopped withdrawing all cryptocurrencies ...

UPD: The local news agency Caixin, citing sources, writes that the detained employee of the exchange is its founder Mingxing Xu, better known as Star Xu. Reasons not specified.

Also, this information is indirectly confirmed by the comments of Binance CEO Changpeng Zhao. He wrote that the storage system on Binance is designed in such a way that it is not “dependent on CZ”, thus drawing a parallel with the problems of OKEx.

Other market participants report that the identity of the detainee was known to those close to him even before its public disclosure in the media..

OKEx has stopped withdrawing all cryptocurrencies ...
OKEx has stopped withdrawing all cryptocurrencies ...

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