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OKEx Has Stopped Withdrawals!

Popular cryptocurrency exchange OKEx announced that it has stopped withdrawals.

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OKEx Has Stopped Withdrawals!

Popular cryptocurrency exchange OKEx announced that it has stopped withdrawals. OKEx announced about 2 hours ago that they stopped their withdrawals, stating that they can interrupt and suspend the services at any time, with or without prior notice, in accordance with 8.1 Service Change and Termination of Service Terms.

The popular crypto exchange cited that one of the private key holders is currently collaborating with a public security bureau due to an investigation.After this announcement made by OKEx , there was a decrease in the markets.

They Cannot Contact

OKEx says they haven’t been able to contact this private key holder since they started collaborating with the authorities, which means the exchange is currently unable to sign withdrawals. While withdrawals are disabled, OKEx claims that the rest “functions remain normal and stable and the security of assets in OKEx will not be affected.” Finally, the following expressions were used in the statement:

“We sincerely apologize for any inconvenience caused by the suspension of digital assets / cryptocurrency withdrawals. We will make a timely statement to the public about any significant developments on the subject. We will proceed with cryptocurrency withdrawals immediately after the relevant private key owner authorizes the transaction. We appreciate and value your continued support and trust, and will continue to provide our customers with first class products, services and technical support. ”

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