First Mover: OKEx Private Key Snafu Sends Bitcoin Lower as China DeFi Rises

OKEx appears to suffer customer outflows after lifting of five-week withdrawal suspension, highlighting the existential threat of operational risk.

Binance Coin and exchange tokens are popping as bitcoin's rally shows signs of temporary exhaustion and Ethereum gets snared in blockchain split.

Earlier this week, it was revealed that OKEx had frozen all crypto withdrawals from its platform over concerns about a private key holder. OKEx is a leading crypto-asset exchange that processes a material percentage of the spot and futures volume in the industry. OKEx said that one of its private key holders was working with […]

Yesterday, leading Bitcoin exchange OKEx revealed that it had frozen withdrawals of all cryptocurrencies, from Bitcoin to the altcoins it supports. The firm said one of our private key holders is currently cooperating with a public security bureau.” Related Reading: Here’s Why Ethereum’s DeFi Market May Be Near A Bottom OKEx News Doesn’t Hurt Bitcoin […]

Crypto exchange OKEx has announced an integration with scaling solution Polygon. The platform seeks to provide more access to Ethereum-based dApps. Thus, developers can build, and users can connect to them at a lower cost. Ethereum is the number one platform for DeFi dApps. Uniswap, Curve, Aave, and others, operate on its network. The high […]