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Media: OKEx customers will soon be able to withdraw their money from the exchange (update)
CONTENT

  • OKEx prepares to resume withdrawal of cryptocurrencies

  • The native token of the exchange increased in price by 20%

  • The exact date of the resumption of the entire functionality of the exchange remains unknown

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Cryptocurrency exchange OKEx, which stopped the withdrawal of cryptocurrency assets in mid-October, may soon resume withdrawals

Media: OKEx customers will soon be able to ...

Update: The cryptocurrency exchange has confirmed information about the resumption of withdrawal of funds from November 27. The company blog states that the problem has been fixed and key employees are back to work. OKEx intends to perform a thorough security check to restore the stable operation of the hot wallet and ensure the safety of user funds. A concrete action plan will be published in the coming days.

Cryptocurrency exchange OKEx may soon resume withdrawing cryptocurrencies for its users. It was reported by blockchain correspondent Colin Wu with reference to a statement by OKEx CEO Jay Hao. According to the head of OKEx on his Weibo page, progress on the freezing of the exchange’s assets will soon make itself felt, and the exchange itself has “100% reserves for withdrawing funds.”.

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At the same time, Wu said that OKEx founder Star Xu “partially freed himself” from the investigation of the Chinese law enforcement agencies, but no evidence was provided..

Source: coinmarketcap.com

However, this statement was enough for the native token.As the use of cryptocurrencies grows, new types of tokens appear. They can represent value or something intangible like voices. Two … More OKB rose more than 20% to $ 5.76, and the asset’s market capitalization jumped to $ 344.8 million.

Random hostages

In mid-October, BeInCrypto’s editors reported that OKEx founder Star Xu had been arrested by law enforcement in China. In what case Xu is involved remains unknown. However, almost immediately against the background of news about the detention of the founder of OKEx, it became known that one of the owners of the private keys of the OKEx exchange was also involved in the case, which is why the site decided to suspend the withdrawal of funds. Whether Xu is the key holder remains unknown.

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Media: OKEx customers will soon be able to ...

At the same time, against the background of news about the freeze of withdrawal of funds from OKEx, the OKB token fell by more than 30% from $ 6 to $ 4.06. However, OKB was far from the only asset to react to the news. Almost all cryptocurrencies from the top 100 in terms of capitalization went into a steep peak amid the arrest of the founder of OKEx. Later OKEx resumed the input and output of fiat currencies, but the prices of digital assets were lower than on other sites by almost 20%.

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