OKEx withdrawals remain suspended as OKB token plunges 22% ... do it when you got the chance, most of the time, fantom withdrawals in binance is suspended. OKEx Founder Under Police Custody, All Withdrawals ... Crypto Story of the Day. 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. This development follows Okex's suspension of crypto withdrawals on Oct. 16, which had left many traders frustrated. Popular cryptocurrency exchanges OKEx has suspended all cryptocurrency withdrawals indefinitely, as one of the trading platform's private key holders has "been out of touch" with the exchange because they are "cooperating with a public security bureau in investigations." : OKEx finally tweets their announcement on the withdrawal suspension. OKEx has suspended all cryptocurrency withdrawals indefinitely, saying one of the exchange's key holders has "been out of touch" with the exchange because they are "currently cooperating with a . The withdrawal announcement also provides a blog post link which explains the action in more detail. Okex, one of the biggest cryptocurrency exchanges, has suspended withdrawals of cryptocurrency today in a mysterious move. Cryptocurrency exchange OKEx suspends withdrawals on its ... The exchange halted withdrawals for nearly a month now, following a missing private key holder. OKEx announces withdrawal suspension, causing BTC to drop. OKEx Head Taken Into Custody; All Withdrawals Are ... OKEx founder Mingxing Xu arrested while cryptocurrency ... According to Red Li, co-founder of China's leading crypto media 8BTC, OKEx originally planned to stop withdrawals from 15 pm, but changed that time and accelerated it. It's a matter of a private key holder's personal issue, which is why we suspended withdrawal." The exchange has not been able to contact the private key-holder in question and claims to be unable to complete the associated authorization requests—OKEx assures the public that cryptocurrency withdrawals can resume as soon as the key-holder . Major crypto exchange OKEx said it had to suspend cryptoasset withdrawals as one of their private key holders "is currently cooperating with a public security bureau in investigations" and the company is "out of touch" with the holder. Prominent cryptocurrency exchange OKEx has suspended the withdrawals for users. According to its announcement, withdrawals were stopped at 11:00 Hong Kong time, while the rest of the services provided by the platform continue to function without issues. As the company explains, it is impossible to approve the withdrawal of cryptocurrencies from the platform's wallets without this authorization. The summoning has been called up against the suspension of the cryptocurrency exchange's suspension of the withdrawal service. (Updated at 13:23 UTC: updates in bold.) Okex withdrawal suspended - What's brewing? According to OKEx's CEO Jay Hao, the investigation is related to a "personal issue" of the key holder. His whereabouts are not clear. While withdrawals of cryptocurrencies are suspended, other functions are still active. BitMEX owners were just charged with money laundering violations by the authorities a few weeks ago, as AtoZ Markets reported, and the situation over OKEx will draw market attention to the security of withdrawal procedures on major exchanges.. Fears of crypto exchanges suspending crypto withdrawal. According to early media reports, Chinese police are talking to the major holders of Malta-based crypto exchange OKEx. 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. Malta-based cryptocurrency exchange, OKEx announced within the hour leading up to press time that it had suspended withdrawal of cryptocurrencies on its platform. OKEx is having an AMA event in our official OKEx Telegram group with Shane Hong (Head of Marketing) & Bo-yeon Beon, Marketing Manager of Kyber Network.Kyber Network is a liquidity hub that connects liquidity from a wide range of sources to power instant and secure crypto exchanges in any decentralised applications. The duration of this suspension still remains uncertain. 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. It also reassured its users that the incident had not affected their funds. OKEX, one of the world's largest cryptocurrency exchanges, said on Friday it had suspended withdrawals of digital assets, also known as cryptocurrencies. Major exchange OKEx suspends withdrawals as Bitcoin prices fall. Okex's head office is in Malta now but they were based at Hongkong previously. OKEx resumes P2P trading with three fiat currencies as withdrawals remain suspended. Your account security is our responsibility. The firm at the same time made it known that it had at no point in time stop following the regulations guiding the industry. In an announcement made earlier today, cryptocurrency exchange OKEx stated that it had suspended all user crypto withdrawals as one of the holders of its private keys is "currently cooperating with a public security bureau" pertaining to ongoing "investigations." This means that investors cannot"exit" from the platform. OKEx is the world's largest cryptocurrency, spot & derivatives and bitcoin exchange. Following the withdrawal suspension announcement by OKEx, BTC price plunged by about 3%. Okex's head office is in Malta now but they were based at Hongkong previously. OKEx lost contact with one of the private keys holders leading to the suspension of withdrawals. This is allegedly after an unnamed private key holder was taken into custody by authorities. Malta, Nov. 19, 2020 — OKEx (www.okex.com), a world-leading cryptocurrency spot and derivatives exchange, is pleased to announce that withdrawal services of all digital assets will be resumed on or before Nov. 27. As a result of this the exchange has suspended all withdrawals, and Bitcoin prices appear to be reacting negatively to the news. Currently, now until November 15th, 2020 is . As per this report of Financial Times, Okex has lost . The markets reacted to this news with a slight drop in Bitcoin and a massive drop in the price of OKB, the exchange's native token. In an announcement, the exchange says that it has been "out of touch" one of its private key holders due to "investigations" conducted by a "public security bureau". Also on October 16th Glassnode reports that OKEx has 201,981.303020241 BTC. Despite the announcement of the suspension of the withdrawal service, the CEO of the OKEx platform responded to this move, saying . Nicholas Say. The withdrawal business suspended by OKEx this time refers to the process by which investors convert digital currencies into legal currencies such as RMB. Some media reports claimed that OKEx founder Star Xu was the key holder, but OKEx has denied any connection with him. my guess is that many are withdrawing fantom for Defi purposes. OKEx Suspends Withdrawal For Over a Month. Okex Reinstates P2P Crypto Trading But Withdrawals Still Suspended. OKEx announcement that it would suspend withdrawals from 11:00a.m. 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. OKEx has also suspended all of the cryptocurrency withdrawals from its platform. October 16th: Okex announces that all withdrawals are suspended until further notice. As per the recent report, Mingxing Xu, a co-founder of Okex, is in Chinese police custody since last week. Peer to peer trading has resumed on the cryptocurrency exchange platform Okex. Cryptocurrency exchange behemoth OKEx has suspended crypto withdrawals for users. We take every measure to ensure the security of your assets. If you want to buy Bitcoin, you can easily get it in 1 minute with Visa, Mastercard or other payment methods. 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 […] It has been a challenging time for OKEx, a cryptocurrency exchange based in Malta and managed by Chinese executives, since a private key holder was reported missing. OKEx Exchange Stops All Cryptocurrencies Withdrawal Amid Founder Detention (Updated) Cryptocurrency exchange OKEx this morning indefinitely suspended the withdrawal of all assets. The claim that the person has been criminally detained is a rumor and is currently actively . As per the recent report, Mingxing Xu, a co-founder of Okex, is in Chinese police custody since last week. 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 . The Head of OKEx Has Been Taken Into Custody. Gox rehab plan extension and OKEx halting withdrawals has weighed on bitcoin's price on . 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. 3, 2021Click Here to Download OKEx App >>>Click Here for OKEx Twitter >>. The bitcoin exchange OKEx has suspended cryptocurrency withdrawals on the platform after its Chinese founder was taken away by police. Earlier last month, the exchange suspended withdrawal service on the platform due to its inability to contact one of its private key holders since security agents arrested him. Unfortunately, the restriction on withdrawals is still in effect and no timeframe has been given for . We have estimated and built a timeline below as to the possible paths on the detention of this person. However, the exchange is "out of touch with the concerned private … The bitcoin exchange OKEx has suspended cryptocurrency withdrawals on the platform after its Chinese founder was taken away by police. 1y. OKEx announced on Wednesday that it is resuming its peer-to-peer digital currency exchange services today with three fiats. However, the resumption of peer-to-peer cryptocurrency transactions while the withdrawal function remains suspended was criticized by some of Okex's users. The cryptocurrency industry has been treated to an unusual occurrence on Friday after OKEx, a leading exchange, suspended withdrawals. (Left picture) The official withdrawal announcement on Twitter. The news about the Mt. Withdrawal Suspension Jolts Crypto Markets. The ongoing suspension has been puzzling to many, but the exchange's representatives maintain that the move was solely due to one of the company's private key holders having been cooperating with a Chinese public security […] A few hours ago, the OKEx withdrawal suspension caused quite a stir within the crypto space.. OKEx, the Singapore-based digital currency exchange that halted digital asset withdrawals on October 16th, has hired external counsel to help them navigate the issues the exchange currently faces. Mangxing Xu, who is the founder of OKEx is currently being questioned by the authorities as to why they have suspended cryptocurrency withdrawal on their exchange. Now the exchange says "claims that a concerned party related to OKEx is under criminal detention have been refuted — we can confirm that these are rumors." 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. As a security measure to safeguard users' funds, withdrawals from the exchange were temporarily suspended on Oct. 16, with all other functions on the platform remaining unaffected. However, the platform's withdrawal option is still said to be "temporarily" suspended. Major Chinese cryptocurrency exchange OKEx suspended withdrawals indefinitely, revealing in a statement that one of its key holders has not been available because they are "currently cooperating with a public security bureau in investigations".. The OKEx cryptocurrency exchange suspended withdrawals at 11:00 UTC Hong Kong time (3:00 AM UTC).
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