OKEx Suspends Withdrawals, Says Key Holder Not Available Due to Cooperation W...
Withdrawals are suspended as a key holder is "out of touch," preventing withdrawal authorizations.
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OKEx has suspended all cryptocurrency withdrawals indefinitely explaining that one of the exchange’s key holders is “currently cooperating with a public security bureau in investigations” and has “been out of touch” with the exchange. Update (October 16, 4:52 UTC): This article has been updated with additional information.
Crypto markets have been shaken after top Asian exchange OKEx suddenly suspended crypto withdrawals in order to cooperate with an investigation. Major crypto asset exchange OKEx has suspended cryptocurrency withdrawals, announcing that one of the holders of its private keys is “currently cooperating with a public security bureau” with regard to ongoing “investigations.”The exchange noted that it has been “out of touch” with said key-holder, preventing the exchange from being able to complete the "associated authorization" request. OKEx plans to resume digital asset withdrawals....
The digital currency exchange Okex disabled cryptocurrency withdrawals on Friday morning and explained that funds were “safe and not affected.” Following the withdrawal announcement, regional reports claim that Okex’s founder Mingxing “Star” Xu was taken away by the police. On Friday morning (ET) a local report from the publication Caixin detailed that the founder of Okex, Mingxing “Star” Xu, was taken away by the police. Hours before the Caixin published the report, Okex’s official Twitter account announced pausing withdrawals on the....
OKEx founder Star Xu was reportedly questioned by police a week ago. The founder of major global cryptocurrency exchange OKEx has been reportedly questioned by authorities previous to OKEx suspending cryptocurrency withdrawals.OKEx founder Mingxing Xu, also known as Star Xu, has reportedly been questioned by the police, Chinese news agency Caixin reported today. According to the report, the executive was investigated “at least a week ago” and has also been absent from work for some time.When approached for comment on Xu’s participation in a police inquiry, OKEx told Cointelegraph that the....
After weeks of little information, digital asset withdrawals remain closed on crypto exchange OKEx while the entity denies rumors of arrest of leader. After closing digital asset withdrawals in mid-October, Malta-based crypto exchange OKEx still remains tight-lipped about an unspecified on-going investigation. OKEx claims detainment chatter as simply rumors, although customers are still left without withdrawal access on the exchange, even after three weeks, hearing no palatable details around the scene. "Claims that a concerned party related to OKEx is under criminal detention have been....