BitRss.com latest World Crypto News

Search and discover the latest Cryptocurrency updated Stories in Categories.

24-7 World Cryptocurrency News about Blockchain, Technology and much more, only from Top Leading Sources.

No Timeline for Resuming Bitcoin Withdrawals: OKEx

No Timeline for Resuming Bitcoin Withdrawals: OKEx
OKEx users will have to be okay with a little ambiguity over the weekend—at least until more is known about why the exchange's founder was taken away by Chinese police.
OKEx, headquartered in Malta though founded in Hong Kong, issued an update assuring users that their funds are safe after it halted withdrawals early Friday morning following word that Xu Mingxing was cooperating with a police investigation.
It offered no timeline for resumption of service, and a spokesperson told Decrypt there’s still no schedule for resuming withdrawals.
Crypto Exchange OKEx's Founder Has Been Taken Away by Police
“We would like to assure users that the security of funds on OKEx has not been affected,” the exchange reported. “Additionally, all other operations on OKEx are functioning normally.”
The exchange also rebutted claims that large amounts of Bitcoin had been transferred from an OKEx wallet to Binance exchange, which Chainalysis Chief Economist Philip Gradwell confirmed . 

This is mislabeled, it is not a transfer from OKEx to Binance
— Philip Gradwell (@philip_gradwell) October 16, 2020

The drama started early on the morning of the 16th, with local media group Caixin reporting that OKEx founder Xu Mingxing had been “taken away by police” last week.
OKEx yesterday suspended all withdrawals of cryptocurrencies because, it said, “One of our private key holders is currently cooperating with a public security bureau in investigations where required. We have been out of touch with the concerned private key holder.”  

It further stated that withdrawals would resume “immediately once the concerned private key holder is able to authorize the transaction.” 
However, in its update, the exchange stated instead that it would “resume digital asset withdrawals as soon as we've determined that all security requirements have been met.” 
An OKEx spokesperson declined to say what those security requirements were—or whether withdrawals could resume without Xu.
“We are unable to reveal any information that may put our users' funds at risk,” the spokesperson told Decrypt . “Suffice to say that OKEx maintains the highest security standards to protect our users' funds and cannot authorize withdrawals without the most stringent checks.”

BitRss.com shares this Contents always with License.

Thank you for Share!

   
Tumblr
LinkedIn
Reddit
VK

WhatsApp
Telegram

Cool to know huh? Read the full Article

Cool huh? Please read the full Article: No Timeline for Resuming Bitcoin Withdrawals: OKEx


Search about Crypto News


BITRSS | CRYPTOCURRENCY WORLD NEWS

The latest Top News, only from Leading exponents of BlockChain, Bitcoin and different Accredited Crypto Currency Sources.

Since 2015, our Mission was to Share, up-to-date, those News and Information we believe to represent in an Ethical and sincere manner the current Crypto Currencies World: everything you are looking for, in one place!

We have always tried to give priority to the News; for this reason we have designed BitRss.com simple and intuitive, usable by all Devices, fast and effective.


| LEARN MORE ABOUT |

Today Most Popular News