October 21, 2020

OKEx has stopped withdrawing funds

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 reasonthe investigation was served by 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.

the security of your assets on OKEx will not be affected, the company says. "We will resume withdrawing cryptocurrencies as soon as the mentioned private key holder is able to authorize the transaction."

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

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

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