The founding father of main world cryptocurrency trade OKEx has been reportedly questioned by authorities earlier to OKEx suspending cryptocurrency
The founding father of main world cryptocurrency trade OKEx has been reportedly questioned by authorities earlier to OKEx suspending cryptocurrency withdrawals.
OKEx founder Mingxing Xu, also referred to as Star Xu, has reportedly been questioned by the police, Chinese language information company Caixin reported on Oct. 16. Based on the report, the exec was investigated “not less than per week in the past” and has additionally been absent from work for some time.
When approached for touch upon Xu’s participation in a police inquiry, OKEx instructed Cointelegraph that the trade is not affiliated with OK Group, the place Xu is a senior government, and due to this fact was not ready to touch upon his actions.
The information comes shortly after OKEx suspended withdrawals of crypto belongings on its platform on Oct. 16. Based on the trade, OKEx’s non-public key holders are cooperating with a public safety bureau in an ongoing investigation. The trade instructed Cointelegraph:
“We’re unable to reveal the character of an ongoing investigation however wish to guarantee all OKEx customers that their funds are secure and that each one different capabilities on OKEx are unaffected.”
OKEx CEO Jay Hao mentioned that the choice to quickly droop withdrawals was taken “with person safety in thoughts,” stating:
“As a world-leading trade, person safety isn’t one thing that OKEx can or will ever compromise on. We’ll do all the pieces in our energy to reinstate this service promptly and can present updates on the matter as quickly as attainable.”