OKEx reported on engaging lawyers to address the problem of crypto withdrawal

09.11.2020
«first-p»>Kryptovalutnaya Exchange OKEx has announced the involvement of third-party legal advisors to solve the problem with the withdrawal of digital assets;

Recall that on October 16, the exchange Suspended the withdrawal of cryptographic assets due to «inaccessibility» of one of the holders of private keys. OKEx CEO Jay Hao explained that the absence of a key holder is related to an investigation being conducted by Chinese law enforcement agencies against this individual, but that it has nothing to do with the stock exchange.

Then, on November 6, OKEx’s management reported that it had contacted other holders of private keys, but could not disclose details due to the confidentiality of the investigation. The report also said that the trading floor staff were facilitating the investigation and were cooperating with the police department;

Some media reported that the founder of OKEx Star Xu was detained, but a representative of the exchange denied the data. OKEx executives called «rumors» about charges being brought in a criminal case against a detained private key holder. The stock exchange denies and rumors that it stores client assets in a cold wallet with one signature.

In addition, the OKEx management has assured users that their funds are safe and the site is running as usual. Exchange representatives explained that they are taking all necessary efforts to restore the withdrawal of funds in the near future;

Let us remind you that in September the Chinese investigation authorities started to investigate the activity of an over-the-counter cryptovite trader, which helped swindlers to exchange $73,500 for USDT. It is assumed that the funds were first deposited to OKEx.