OKEx Prepares to Resume …

OKEx Prepares to Resume Withdrawals This Thursday

Cryptocurrency exchange OKEx has clarified the timing of the resumption of the withdrawal of funds from its platform. According to the publication on the exchange website, she plans to do this today at 11:00 Moscow time..

OKEx last week notified users of a plan to resume withdrawals by November 27th. Outgoing transactions on the exchange were blocked on October 16, after one of the holders of its private key was brought to the investigation. Subsequently, OKEx founder Mingxing “Star” Xu announced that he did cooperate with the authorities, but they were convinced of his innocence..

Hong Kong-based OKGroup, which Xu acquired in 2018 and is a non-executive director of the company, for its part, stated that “the relevant investigation by the public security authorities has been temporarily closed and Mr. Xu has now returned to normal business activities.”.

OKEx Prepares to Resume ...

According to CoinDesk, following the recent events, a number of Chinese users have expressed their intention to withdraw assets from the exchange or at least reduce their presence on it. “We will continue to trade on OKEx, but our investments will be much more diversified. We will reduce positions to about one third of what was before. While we believe that OKEx continues to be trusted as an exchange, there may be some serious uncertainty in the future, ”wrote Alex Zuo, vice president of China’s Cobo wallet..

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