As per the recent report, Mingxing Xu, a co-founder of Okex, is in Chinese police custody since last week. The withdrawal announcement also provides a blog post link which explains the action in more detail. VALLETTA, Malta, Nov. 20, 2020 (GLOBE NEWSWIRE) -- OKEx (www.okex.com), a world-leading cryptocurrency spot and derivatives exchange, is pleased to announce that withdrawal services of all digital . OKEx are reportedly being in charge of facilitating major Bitcoin (BTC) transactions from Huobi crypto exchange, despite having temporarily shut down its crypto withdrawals feature.Specifically, a total of 1,995 BTC ($22.5 million) was reportedly transferred from Huobi to OKEx, not long after OKEx' announcement to temporarily shut down withdrawing features on October 16th. my guess is that many are withdrawing fantom for Defi purposes.
OKex suspended withdrawal continues after two weeks after halting its withdrawals on Oct 16.
OKEx announced on Nov. 6 that withdrawals are still suspended. Peer to peer trading has resumed on the cryptocurrency exchange platform Okex. do it when you got the chance, most of the time, fantom withdrawals in binance is suspended. The issue in question is that one of the exchange's private key holders is "currently cooperating with a public security bureau in investigations where required." As per reports the person in question is Xu Mingxing, the founder of OKEx and […] Okex Reinstates P2P Crypto Trading But Withdrawals Still Suspended.
Try to move your cryto somewhere else, if only the bank withdrawal of fiat are suspended. Top Crypto Exchange OKEx Freezes Withdrawals Announced just an hour ago, leading crypto-asset exchange OKEx has frozen withdrawal of all cryptocurrencies, from Bitcoin to the altcoins it supports. (Left picture) The official withdrawal announcement on Twitter. For nearly a week, the uncertainty as to why OKEx suddenly suspended its cryptocurrency withdrawals on October 16 has persisted. "Withdrawals of digital assets/cryptocurrencies at OKEx are currently suspended. OKEx said Thursday it will resume withdrawal service as soon as this week, after founder Mingxing "Star" Xu was said to have been released from police custody in China.
It would enable cheaper and faster . Leading crypto-exchange OKex has suspended all digital assets and cryptocurrency withdrawals indefinitely until further notice. An OKEx spokesperson told The Block that the withdrawal issues are "temporary" and that the exchange cannot disclose "the nature of an ongoing investigation." advertisement Earlier today, cryptocurrency exchange OKEx halted withdrawals indefinitely as one of its private key holders "is currently cooperating with a public security bureau . The CEO of Okex tweeted that, since the suspension of withdrawal, on-chain analysis shows no out-flow of funds from the exchange, rather the inflow has been on continuous rounds. The summoning has been called up against the suspension of the cryptocurrency exchange's suspension of the withdrawal service. However, despite OKEx making contact with Mingxing, the platform's withdrawal service is still on hold as of press time. His whereabouts are not clear. In an official statement published on Friday morning, the exchange detailed that it has suspended all withdrawals since 11 am (Hong Kong time) on October 16. We take every measure to ensure the security of your assets. 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. If you want to buy Bitcoin, you can easily get it in 1 minute with Visa, Mastercard or other payment methods. OKEx is the world's largest cryptocurrency, spot & derivatives and bitcoin exchange. Withdrawal Suspension Jolts Crypto Markets. In the original report, OKEx mentioned that withdrawals were suspended due to the exchange's "private key holders cooperating with a public security bureau in investigations." The bitcoin exchange OKEx has suspended cryptocurrency withdrawals on the platform after its Chinese founder was taken away by police. OKEx, one of the largest cryptocurrency exchanges, has suspended withdrawal of all cryptocurrencies. OKEx first suspended withdrawals on October 16, after losing contact with one of its private key holders. It was this past Friday when one of the most well-known exchanges, OKEx, suspended withdrawals - followed by an announcement stating that one of the holders of the clients' private keys was "cooperating with a public security bureau" in regards to an ongoing investigation. The Withdrawal Suspension. The holder of the private key being unavailable hindered the completion of withdrawal authorization. OKEX, one of the world's largest cryptocurrency exchanges, said on Friday it had suspended withdrawals of digital assets, also known as cryptocurrencies. Okex, one of the biggest cryptocurrency exchanges, has suspended withdrawals of cryptocurrency today in a mysterious move. when binance says congested - just proceed with the withdrawal, it will push thru, might be a little late but will push thru. At noon on October 16, OKEx suspended all withdrawals after announcing that they were cooperating with an investigation. For instance, a user named Maciek_sk questioned the rationale of encouraging people to trade cryptocurrencies when there is no option to cash out yet.
Rumor has it that over 800 accs in "certain" exchange are involved with cross-border . OKex assured that the funds are safe, and withdrawals will be resumed once the person is available to authorize the withdrawals. The Head of OKEx Has Been Taken Into Custody. Hence the user funds are safe and remain untouched. OKEx announces withdrawal suspension, causing BTC to drop. OKEx, a top 20 crypto exchange, recently announced an update regarding the suspension of digital asset withdrawals on its platform.
As per this report of Financial Times, Okex has lost . OKex users will still be unable to withdraw their funds; Says none of its top executives is currently under criminal detention ; OKex crypto exchange firm has revealed that withdrawals remain suspended on its platform. Just last week, it was reported that the company had suspended all withdrawals, alleging that it had lost access to one of the private keys necessary . OKExDec. OKEx, one of the top crypto spot and derivatives exchanges, has suspended all withdrawals indefinitely, citing it lost touch with one of its private key holders.. Source: Adobe/dennizn "We will resume digital assets/cryptocurrencies withdrawals immediately once the concerned . In an announcement published to the company ZenDesk, OKEx stated that "one of our private key holders is currently cooperating with a public . Malta-based cryptocurrency exchange, OKEx announced within the hour leading up to press time that it had suspended withdrawal of cryptocurrencies on its platform. Users of leading cryptocurrency spot and derivatives exchange, OKEx can now rejoice as the platform has announced the resumption of cryptocurrency withdrawals by Nov 27. Fears of crypto exchanges suspending crypto withdrawal. According to OKEx's press release, a keyholder is busy in Police's investigation.
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