OKEx founder reportedly under investigation as exchange suspends withdrawals

The founding father of primary international cryptocurrency change OKEx has been reportedly wondered by way of government prior to OKEx postponing cryptocurrency withdrawals.

OKEx founder Mingxing Xu, often referred to as Celebrity Xu, has reportedly been wondered by way of the police, Chinese language information company Caixin reported nowadays. In keeping with the file, the manager was once investigated “no less than per week in the past” and has additionally been absent from paintings for a while.

When approached for touch upon Xu’s participation in a police inquiry, OKEx advised Cointelegraph that the change is not affiliated with OK Workforce, the place Xu is a senior govt, and subsequently was once no longer able to touch upon his actions. 

The scoop comes in a while after OKEx suspended withdrawals of crypto property on its platform nowadays. In keeping with the change, OKEx’s non-public key holders are cooperating with a public safety bureau in an ongoing investigation. The change advised Cointelegraph:

“We’re not able to expose the character of an ongoing investigation however want to guarantee all OKEx customers that their budget are protected and that each one different purposes on OKEx are unaffected.”

OKEx CEO Jay Hao stated that the verdict to briefly droop withdrawals was once taken “with consumer safety in thoughts,” declaring: 

“As a world-leading change, consumer safety isn’t one thing that OKEx can or will ever compromise on. We will be able to do the whole thing in our energy to reinstate this carrier promptly and can supply updates at the subject once imaginable.”

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