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Authorities recently questioned OKEx founder 1 week before withdrawals were frozen on the exchange

 
Authorities recently questioned OKEx founder 1 week before withdrawals were frozen on the exchange
Exchanges / Breaking News

Quick take

1 minute read

  • Earlier today, it was announced that the OKEx exchange suspended withdrawals on its platform of all crypto assets indefinitely. 
  • Now, it has been revealed that the founder of the exchange has been allegedly questioned by police authorities before the suspension of crypto withdrawals.

Earlier today, it was announced that the OKEx exchange suspended withdrawals on its platform of all crypto assets indefinitely. Now, it has been revealed that the founder of the exchange has been allegedly questioned by police authorities before the suspension of crypto withdrawals. The founder, Mingxing Xu has been allegedly questioned by authorities according to a report from my local news agency. This interview from authorities allegedly happened around a week ago but no details have been released in regards to what was said.

Speaking to Cointelegraph, the platform has said:

“We are unable to disclose the nature of an ongoing investigation but would like to assure all OKEx users that their funds are safe and that all other functions on OKEx are unaffected.”

The chief executive officer of the exchange, OKEx has also spoken on the matter in regards to the withdrawals on the platform saying that it was a move done with “security in mind“.

“As a world-leading exchange, user security is not something that OKEx can or will ever compromise on. We will do everything in our power to reinstate this service promptly and will provide updates on the matter as soon as possible.”

For more news on this and other crypto updates, keep it with CryptoDaily!

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