$22M in Bitcoin moves from Huobi to OKEx despite withdrawal freeze

Huge Bitcoin (BTC) transactions from Huobi cryptocurrency change are transferring to OKEx regardless of the latter having quickly suspended crypto withdrawals.

In line with knowledge from crypto monitoring provider Whale Alert, a complete of one,995 BTC ($22.five million) used to be despatched from Huobi to OKEx in a while after OKEx formally introduced it used to be postponing withdrawals on Oct. 16.

The finances have been transferred in two separate BTC transactions value 998 BTC ($11.three million) and 997 BTC ($11.three million) at three:51 a.m. EST and 06:22 a.m. EST, respectively.

The transfers carry some questions as 1,995 BTC is now locked at the platform because of the platform quickly blockading crypto withdrawals. “Dude pass the other method,” anyone from the crypto group commented on Twitter. Others recommended that the problem is usually a results of behind schedule BTC transactions.

The transactions from Huobi carry an important quantity of Bitcoin to OKEx’s overall BTC steadiness. In line with knowledge from BTC balance-based change rating Chain.data, OKEx now holds a complete of 276,184 BTC on its chilly vault, scorching wallets, and deposit wallets. At publishing time, a complete of 6,269 BTC left OKEx over the last 24 hours.

Day by day web influx on OKEx. Supply: Chain.data

Previous as of late, Chinese language media reported that OKEx founder Superstar Xu used to be wondered by way of the police per week in the past.

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