Cryptocurrency exchange OKEx announced the involvement of third-party legal consultants to solve the problem with the withdrawal of digital assets.
Recall that on October 16, the exchange suspended the withdrawal of cryptoassets due to the “unavailability” of one of the holders of private keys. OKEx CEO Jay Hao explained that the lack of a key holder is due to an investigation by Chinese law enforcement authorities against this person, but it has nothing to do with the exchange.
Then, on November 6, the OKEx management announced that they had contacted other private key holders, but could not disclose details due to the confidentiality of the investigation. The report also said that the trading floor staff were facilitating the investigation and cooperating with the police department.
Some media reported that the founder of OKEx Star Xu was detained, but the exchange representative denied this information. OKEx executives called it “rumors” that a criminal charge was being brought against the detained holder of the private keys. The exchange also denies rumors that it stores clients’ assets in a cold, one-signature wallet.
In addition, the OKEx management has assured users that their funds are safe and that the site is operating as usual. The representatives of the exchange explained that they are making every necessary effort to restore the withdrawal of funds in the near future.
As a reminder, in September, Chinese investigating authorities began investigating the activities of an OTC cryptocurrency trader who helped scammers exchange $ 73,500 for USDT. Funds are assumed to have been deposited with OKEx first.
