As the crypto market continues to soar to new heights on a nearly daily basis — with Bitcoin (BTC) currently resting around the $16,100 threshold — the murkiness surrounding cryptocurrency exchange OKEx has continued to linger.
OKEx initiated a crypto withdrawal suspension on Oct. 16, citing the unusual reason that one of the company’s private-key holders had been cooperating with local security agencies, and thus, it was in the best interest of its customers that any crypto movement emanating from the exchange be halted for the time being.
Furthermore, the OKEx team has failed to provide any sort of clarity in regard to the situation. For example, just a couple of days before the company’s withdrawals went offline, unconfirmed reports surfaced that the exchange’s Chinese co-founder Mingxing “Star” Xu was arrested, leading many of the company’s clients to believe that there may be more to the matter than meets the eye.
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