UniSwap’s governance token UNI was among the biggest gainers on Friday as the rest of the cryptocurrency market succumbed to a bearish fundamental.
The crypto index lost about $7 billion as trades panic-sold a portion of their holdings under the influence of OKEx. This Malta-based exchange landed itself in the middle of a criminal investigation.
In retrospect, OKEx suspended all its withdrawal options indefinity, saying that one of its private keys holders is “currently cooperating with a public security bureau.” The exchange later said that the investigation was a result of the staff’s personal issue.
Meanwhile, the Chinese news website Caixin reported that police had apprehended Mingxing Xu, aka “Star,” almost a weak go. He reportedly went out of the loop of the rest of the OKEx team ever since.
BREAKING: OKEX SUSPENDS WITHDRAWAL FOR AUTHORITY INVESTIGATIONhttps://t.co/1TJ0IS4wsq
— frxresearch (@frxresearch) October 16, 2020
The exchange clarified that customers’ funds remain safe under their custody, adding that they “will