OKEx users will be able to make withdrawals starting from 11:00 today, after more than a month. […] Source: https://coindesk-news.com […]... Hi, this is a comment. As BeInCrypto reported previously, the major exchange had halted user withdrawals on Oct. 16. I think that the incident highlighted several very important points. Linkedin. Published. 0. OKEx Suspends All Withdrawals Indefinitely Bitcoin prices on the exchange plunged by 3 percent. Namrata Shukla. “We apologize for any and all inconveniences, and we will strive to improve internal processes as soon as possible to prevent similar situations from happening in the future,” OKEx went on to say in an official announcement. ReddIt. It exposed some weaknesses in our internal processes, which we are now steadfast in correcting,” he said. The day that withdrawals stopped on OKEx, it was revealed that OKEx founder and private key holder Mingxing “Star” Xu was taken into police custody for an investigation that is allegedly unrelated to OKEx operations. The news came after OKEx issued their first statement, reporting that their CEO and founder, Mingxing Xu (also known as “Star Xu”), was allegedly being held and questioned by Chinese authorities. Your email address will not be published. OKEx CEO Jay Hao recently hosted an AMA via telegram for users who had any questions or concerns regarding OKEx’s 42-day suspension of its unrestricted withdrawal feature. Issues with one of the exchange’s private key holders forced the cryptocurrency exchange to pause withdrawals for around five weeks in October. StanChart CEO: Mass Adoption of Digital Currencies is Absolutely Inevitable, Grayscale Sees a New Group of Ethereum-First Investors, How Bitcoin’s active supply hit both an ATH and an ATL, Ukraine passes draft digital currency bill at first stage, Will Ripple Hit $30 In 2021: Price Prediction & Discussion, MicroStrategy Adds Additional 2574 Bitcoins To its BTC Portfolio for $50 Million, Coinbase plans to Support Spark Token Airdrop to XRP Holders. Share. By signing up, you will receive emails about CoinDesk products and you agree to our terms & conditions and privacy policy. When asked, “What are your … In a statement to CoinDesk by an OKEx spokesperson, it was confirmed that transactions will open before November 27th. Share this article. Reading Time: 2min read Users of leading cryptocurrency spot and derivatives exchange, OKEx can now rejoice as the platform has announced the resumption of cryptocurrency withdrawals by Nov 27. ReddIt. China has been cracking down on OTC shops of late. The suspension of services immediately stirred a reaction in the Bitcoin price which plunged 3% while OKB took a 15% … By. OKEx … View Real-time price charts and historical ETH Line chart data. OKEx, one of the three biggest exchanges serving Chinese retail investors, suspended withdrawals. Although a clear … Example: If you are Lv1 user, you have a 300 BTC equivalent withdrawal limit. OKEx users can now breathe a sigh of relief as the exchange has announced that it will resume unrestricted withdrawals of Bitcoin and other cryptocurrencies, on or before November 27th. OKEx has explicitly said they cannot disclose any further information. The team at the exchange will first conduct strict security checks before resuming normal operations. 1 week ago. Your email address will not be published. Bitcoin and crypto exchange OKEx has confirmed that it will reopen withdrawals that were suspended due to the arrest of the exchange founder Star Xu. Trading from crypto to crypto. Just recently, after the exchange paused cryptocurrency withdrawals, the trading platform Okex finally enabled digital currency withdrawals last Wednesday. In a new update, they do say that they have sought legal support and guidance and by doing this has “made contact with the concerned party”. During the AMA, Hao revealed that OKEx plans to make changes to its infrastructure to avoid any future suspension of the withdrawal feature. Discover the latest breaking news and updates of Ethereum (ETH) coin. OKEx CEO Jay Hao confirmed the allegations we shared yesterday and … OKEx to resume withdrawals after the temporary suspension Friday 20 November 2020 10:11 CET | News. 0. OKEx, likely trying to forestall a mass exodus of funds when its five-weeks-long freeze on withdrawals lifts this week, on Tuesday said it will offer a mix of compensation and rewards to users who’ve suffered because of the suspension.. OKEx, one of the major cryptocurrency exchanges, is opening withdrawals today after suspending it for more than a month due to Chinese … Pinterest. Tumblr. Meanwhile, a spokesperson from the Malta-based crypto exchange has confirmed with CoinDesk that the date to resume its cryptocurrency withdrawal service … Data from CryptoQuant shows OKEx has been testing reopening its withdrawal system, as 0.02 BTC was moved out from an OKEx wallet. China has been cracking down on OTC shops of late. According to the team at Glassnode, there were two large outflows of Bitcoin from OKEx 48 hours before the crypto-verse was notified of suspended crypto withdrawals. Daniel Kucher - November 6, 2020. The leader in blockchain news, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. OKEx announced plans to resume crypto withdrawals via a statement on its customer support page published on Nov 19. According to the announcement, the exchange initially paused its withdrawal service due to “well-known reasons.” Indeed, BeInCrypto previously reported that Xu, who is reportedly one of the private key holders, was in police custody. Pinterest. PlusToken scam: Top operators jailed for up to 11 years, GASUTRADE: Most Secure Cryptocurrency Exchange | Top Bitcoin Buyer. Twitter. 10,000 Bitcoin (BTC) left OKEx 48 hrs before Withdrawals Were Suspended. The exchange reported that a "keyholder" had been detained by investigators. Exchange officials now gave investors two important good news. Following our previously announced guidelines, this means we have adopted BCHN as the new BCH. Later that day, rumors began to circulate that the private key holder that was involved in the police investigation was OKEx’s founder, Xu ‘Star’ Mingxing. When asked, “What are your … Share. P]eople can trade their BTC on OKEx despite the withdrawal suspension.” The Malta-based crypto exchange still remains the No. OKEx’s troubles. OKEx’s earlier decision to temporarily halt any form of withdrawal had started on October 16. OKEx CEO, who made a statement on November 19, stated that the problem was resolved and that withdrawals will be opened as of November 27. OKEx’s troubles. While all other operations of the exchange remained unaffected, withdrawals from OKEx were temporarily suspended on Oct. 16 to guarantee the safety of users' assets, which remains OKEx's … The bitcoin exchange OKEx suspended cryptocurrency withdrawals on the platform Friday after its Chinese founder was taken away by police. 3:00 pm. Troubled China-based crypto exchange OKEx is set to resume its withdrawal services starting Friday after a successful withdrawal test by the exchange. Before this can happen, the crypto exchange says it will conduct strict security checks to ensure that its hot wallets remain uncompromised.. As reiterated on several occasions during this saga, OKEx assured customers that it still maintains 100% of its reserves with no run-ins occurring during the suspension imbroglio. OKEx started testing its withdrawal functionality before reopening. OKEx explained in a previous blog post that one of the platform’s private key holders had been assisting Chinese authorities in an investigation. The price of BTC plunged more than 2.5% on the news, before starting to recover. Withdrawals Withdrawals from OKEx are still temporarily paused. Daniel Kucher - November 6, 2020. By. Withdraw; Transfer; My Trading Fees; Start Demo Trading; Trade in Real Market; Buy/Sell; Market; Trade. What are the world’s best Bitcoin investors saying behind closed doors? You may contact our customer service manager if you wish to increase the limit. News; OKEx: You Will Be Able To Withdraw Your Money. OKEx – one of the largest cryptocurrency exchanges in … WhatsApp. OKEx news OKEx withdrawal suspension OKEx scam Star Xu Arrest CCP. OKEx will launch new compensation and reward programs to keep those users who intend to leave the exchange after the withdrawal service resumes. In the recent AMA, Hao reiterated previous apologies for the stress and uncertainty the sudden suspension caused. in Company News. Linkedin. Meanwhile, a similar announcement about Okex suggests that the parties involved in the investigation may have already been arrested, according to sources familiar with the matter. Share. 2020-12-6 03:00 am NEWS. This sparked discussions in the Chinese … — OKEx (@OKEx) October 16, 2020 However, the Malta-based exchange has said that the withdrawal function will be restored as soon as the prospect of private key management is established. Derivatives. He didn’t explain why they couldn’t be used in this incident, however. The market volatility may increase once users get access to their funds. OKEx said Thursday it will resume withdrawal service as soon as this week, after founder Mingxing “Star” Xu was said to have been released from police custody in China. Spot Spot. Save my name, email, and website in this browser for the next time I comment. As news of withdrawal resumption spread amongst the … However, it also highlighted the strength of our infrastructure and security — in that we were able to safeguard all user assets, as well as continue to maintain operations on all other functions of the exchange. Basic Advanced. On October 16th, OKEx unexpectedly announced that they were suspending withdrawals because one of its private key holders was involved in a police investigation. OKEx CEO Jay Hao recently hosted an AMA via telegram for users who had any questions or concerns regarding OKEx’s 42-day suspension of its unrestricted withdrawal feature. Okex joined the list of exchanges that have halted withdrawals, as the cryptocurrency trading platform with more than 490 crypto trading pairs paused withdrawals on October 16, 2020. Required fields are marked *. As AtoZ Markets reported, crypto withdrawal was suspended to platform users on October 16. Perpetual Perpetual Easy to trade, max 100x leverage. VALLETTA, Malta, Nov. 27, 2020 /PRNewswire/ -- OKEx (www.okex.com), a world-leading cryptocurrency spot and derivatives exchange, has restored … Jay Hao was apologetic to those impacted and thankful to users continuing to support OKEx. Tumblr. on. VALLETTA, Malta, Nov. 20, 2020 (GLOBE NEWSWIRE) -- OKEx (www.okex.com), a world-leading cryptocurrency spot and derivatives exchange, is pleased to announce that withdrawal services of … OKEx, one of the three biggest exchanges serving Chinese retail investors, suspended withdrawals. In the recent AMA, Hao reiterated previous apologies for the stress and uncertainty the sudden suspension caused. “I think that the incident highlighted several very important points. Pinterest. BCH ABC tokens will be airdropped to users' Funding Accounts at a 1:1 ratio. Tumblr. November 19, 2020 | AtoZ Markets – OKEx users can be happy as the Chinese company confirmed today, November 19, the resumption of withdrawals after being frozen for almost a month. Jay Hao, CEO of Malta-based cryptocurrency exchange OKEx, said his firm has taken steps to ensure the issue that caused a freeze of over five weeks in cryptocurrency withdrawals cannot reoccur. The expert said that the trading platform was on track to open cryptocurrency withdrawal, citing comments of OKEx's CEO Jay Hao on Weibo, known as the Chinese Twitter. According to the reports, the exchange’s funds were locked beginning November 16th as one of the ‘private-key holders’ was held to help Chinese authorities in investigations. In an ask-me-anything (AMA) session, a transcript of which was published on Wednesday, Hao said the incident led the exchange “to make several improvements in our internal processes.”. Bitcoin exchange OKEx has been reacting over the suspension of withdrawals since October 16. Basic Advanced. By. October 16, 2020. OKB, the native token of OKEx, rallied earlier today on unsourced reports that withdrawals might be resumed soon. Soon after his exchange recommenced withdrawals after a six week lock up, OKEx CEO Jay Hao revealed during a … Since then, it generated loads of panic among its users. Share 0. When asked, “What are your thoughts on this incident, and how do you think OKEx should proceed from here to boost the crypto trading community’s confidence in the platform?”. Throughout the AMA, many questions that Hao answered started with some variation of the question, “what happened?” Hao refused to answer that portion of the question when he provided his answers–but he did it in a very professional way. During the AMA, Hao revealed that OKEx plans to make changes to its infrastructure to avoid any future suspension of the withdrawal feature. OKEx, one of the world's largest cryptocurrency exchanges, is ready to unlock a cryptocurrency withdrawal functionality on November 27. News OKEx announces impending reopening of withdrawals. On Nov. 26, OKEx CEO Jay Hao joined a live Ask Me Anything session on the official OKEx Telegram channel and answered questions asked by some of its 27,000+ members. User assets remained trapped on the platform until it reinstated withdrawals on Nov. 26. Source: Pixabay. In addition to bitcoin withdrawal, Whale Alert spotted a transfer of 198,467 OKB worth approximately 1,033,580 from OKEx to FXT. 2 mins ago. October 16, 2020. WhatsApp. OKEx will open withdrawals early. Facebook. According to the statement made by OKEx CEO Jay Hao on social media, exchange users will be able to start withdrawing money from November 27 without any problems. OKEx, one of the world’s largest cryptocurrency exchanges, is ready to unlock a cryptocurrency withdrawal functionality on November 27. When asked, “What are your […] Margin Margin Increasing profit and risk by leverage. OKEx plans to prevent future withdrawal suspensions. DEX Trading testnet Decentralized exchange based on OKExChain. The latest announcement means that users will be able to withdraw their crypto assets after the platform temporarily suspended the service on Oct 16. Twitter. OKEx to Restore Crypto Withdrawal Service on Its Platform by Nov 27. by Guest Author. OKEx halted Bitcoin withdrawals on October 16 after its founder, Xu Mingxing was arrested by the police. OKEx news OKEx withdrawal suspension OKEx scam Star Xu Arrest CCP. Facebook. Kaitlyn Kubrick - November 26, 2020. Issues with one of the exchange’s private key holders forced the cryptocurrency exchange to pause withdrawals for around five weeks in October. Since then, the exchange seems to be … WhatsApp. Bitcoin exchange OKEx has been reacting over the suspension of withdrawals since October 16. Arnab Shome | News (CryptoCurrency ) | Friday, 16/10/2020 | 08:29 GMT+2 2020-10-16T06:29:46+00:00 2020-10-16T08:35:23+00:00. Malta-based cryptocurrency exchange OKEx has reopened withdrawals five weeks after an abrupt suspension. OKEx’s CEO has addressed concerns regarding the exchange’s recent suspension of withdrawals. An OKEx representative told Coindesk that the digital currency withdrawal service will start again prior to the Nov. 27 Hong Kong Standard Time date as noted in … Share; Tweet; After a month of confusion and wariness, OKEx users have finally received the response they have waited for. Leading Asian cryptocurrency exchange OKEx has caused a mild selling panic in the crypto markets after suddenly suspending its services to cooperate with an investigation. OKEx now plans to begin the withdrawal process beginning from Nov 27. OKEx CEO Jay Hao recently hosted an AMA via telegram for users who had any questions or concerns regarding OKEx’s 42-day suspension of its unrestricted withdrawal feature. 24hr withdrawal limit: The limit of withdrawing all your crypto in the account for the day in BTC equivalent. By. Basic Advanced. All user funds remain safe and unaffected. OKEx, one of the top crypto spot and derivatives exchanges, has suspended all withdrawals indefinitely, citing it lost touch with one of its private key holders.. The day that OKEx announced that withdrawals would reopen, it was revealed that Star Xu had been released from police custody. NEWS / Trading Exchange Okex’s Crypto Reserves Nosedived After Withdrawals Opened. (Pixabay, modified by CoinDesk) Muyao Shen. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups. The trading platform users had to wait over a … The price of BTC plunged more than 2.5% on the news, before starting to recover. Okex Halts Withdrawals Due to 'Out of Touch' Private Key Holder, Founder Star Xu Talks With Police . UNTV News • November 27, 2020 • 68. Several news sources in China … VALLETTA, Malta, Nov. 27, 2020 /PRNewswire/ — OKEx (www.okex.com), a world-leading cryptocurrency spot and derivatives exchange, has restored its full range of services for its users by reopening withdrawals of all digital assets as of 8:00 am UTC, Nov. … OKEX Suspends Withdrawals Causing a Bitcoin and OKB Token Price Plunge. Later that day, rumors began to circulate that the private key holder that was involved in the police investigation was OKEx’s founder, Xu ‘Star’ Mingxing. During the AMA, Hao revealed that OKEx plans to make changes to its infrastructure to avoid any future suspension of the withdrawal feature. The CEO stressed that user funds had never been in jeopardy and that OKEx maintains backups of the crypto private keys. As a security measure to safeguard users' funds, withdrawals from the exchange were temporarily suspended on 16 October 2020, with all other fun ctions on the platform remaining unaffected, according to the official press release. It is rumored, or rather, well known, that OKEx had to suspend its withdrawal feature for 42 days because one of its private key holders was under investigation by police. Ethereum. The data from Glassnode shows that 10,000 BTC left the exchange and has been visualized through a chart in the tweet below. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups. On Oct. 16, OKEx was forced to halt withdrawals due to one of the key holders being held by authorities and “cooperating” with an investigation. OKEx first restricted all withdrawals on 16 October after losing touch with one of its private key holders. OKEx users can now breathe a sigh of relief as the exchange has announced that it will resume unrestricted withdrawals of Bitcoin and other cryptocurrencies, November 19, 2020; Ethereum. Trading Exchange Okex’s Crypto Reserves Nosedived After Withdrawals Opened . OKEX Suspends Withdrawals Causing a Bitcoin and OKB Token Price Plunge. News; OKEx: You Will Be Able To Withdraw Your Money. As all responsible employees are back to work, users will be able to withdraw their digital assets starting from November 27. The company explained that the private key holder was cooperating with relevant authorities for the required investigation. News; Withdrawals OKEx starts today. Please consider using a different web browser for better experience. In an official statement published on Friday morning, the exchange detailed that it has suspended all withdrawals since 11 am (Hong Kong time) on October 16. OKEx customers still cannot take out their funds after the cryptocurrency exchange suspended indefinitely its users’ ability to withdraw last Friday after a police investigation in China. VALLETTA, Malta, Nov. 20, 2020 (GLOBE NEWSWIRE) -- OKEx (www.okex.com), a world-leading cryptocurrency spot and derivatives exchange, is pleased to announce that withdrawal services of all digital assets will be resumed on or before Nov. 27. It exposed some weaknesses in our internal processes, which we are now steadfast in correcting. ReddIt . Bitcoin’s price has been up dramatically since the very day popular exchange OKEx announced the suspension of all crypto withdrawal service … He further apologized to customers for the uncertainty, inconvenience and stress caused by the event. Leading Asian cryptocurrency exchange OKEx has caused a mild selling panic in the crypto markets after suddenly suspending its services to cooperate with an investigation. On October 16th, OKEx unexpectedly announced that they were suspending withdrawals because one of its private key holders was involved in a police investigation. The exchange reported that a "keyholder" had been detained by investigators. The leader in blockchain news, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. In the AMA, Hao acknowledged the issue was harmful for the company and that trading has dropped as a result. Spot. Restoring its full range of services for all users . Soon after his exchange recommenced withdrawals after a six week lock up, OKEx CEO Jay Hao revealed during a … OKEx CEO Says Exchange Updating Procedures to Prevent Repeat of Withdrawal Freeze Issue Dec 2, 2020 at 2:37 p.m. UTC Updated Dec 2, 2020 at 2:54 p.m. UTC (Piotr Swat/Shutterstock) OKEx is set to lift its withdrawal freeze first introduced on October 15, claims the exchange cooperated with authorities, and no foul play was discovered. Popular crypto exchange firm, OKEx, announced earlier today that they would be lifting the withdrawal freeze it placed on its users next week. By signing up, you will receive emails about CoinDesk products and you agree to our, The leader in blockchain news, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a, How One Bitcoin Options Trader Turned $638K Into $4.4M in 5 Weeks, Coinbase to Support Spark Token Airdrop to XRP Holders, CME Leveraged Funds Double Down on Shorts as Bitcoin Maintains $19,000, India Plans to Tax Income From Bitcoin Investments: Report, Ripple CTO Says Majority Vote Would Force the Burning of Billions in XRP, Despite New Incentives to Stay, Some of OKEx’s Chinese Users Are Determined to Leave, Spain’s Second-Largest Bank Will Soon Launch Crypto Services: Sources, Fiat-to-Crypto Partnerships Expand Abra’s Footprint to 150+ Countries, G7 Officials Stress Need to Regulate Digital Currencies: US Treasury, Cryptocurrency Advised by Signal Founder Goes Live, Begins Trading on FTX, SIX Stock Exchange Joins Venture Opening Up Digital Assets to Swiss Banks. At pixel time (12:11 PM UTC), OKB trades at USD 5.7 and is up by 14.5% in a day and 18% in a week. If you withdraw 250 BTC, 25 BTC worth of OMG and 15 BTC worth of XUC, you will have 10 BTC remaining for your limit. Related: OKEx to Resume Withdrawals Before Nov. 27, Offers New Compensation Programs “BTC’s price on OKEx is not that different from other exchanges,” he said. 0. OKEx founder Xu Mingxing was taken at least a week ago and hasn’t appeared in a work-related social media group recently, according to a … See the full announcement for more details. The firm stopped withdrawals in … Ki Young … In a short blog post on Thursday, the exchange announced that it … Twitter. Last Updated: 20 November 2020 Chinese cryptocurrency exchange OKEx is planning to restart withdrawals in Bitcoin. Facebook. The exchange managed to resume the service on Nov. 27, with OKEx saying the keyholder had been released and had not been involved in any wrongdoing or illegal activities. Jay Hao recently hosted an ‘Ask Me Anything’ session to address user concerns regarding OKEx’s suspension of withdrawals. Although the OKEx exchange chose not to say which of their private key holders was in custody for an investigation, it is no coincidence that Star Xu being taken into and released from custody aligned with OKEx suspending and reactivating withdrawals. OKEx CEO Jay Hao recently hosted an AMA via telegram for users who had any questions or concerns regarding OKEx’s 42-day suspension of its unrestricted withdrawal feature. During the AMA, Hao revealed that OKEx plans to make changes to its infrastructure to avoid any future suspension of the withdrawal … Secure cryptocurrency exchange | Top Bitcoin Buyer very important okex withdrawal news cryptocurrency exchanges is! Crypto Reserves Nosedived after withdrawals Opened the issue was harmful for the required investigation with police new compensation and programs... Disclose any further information launch new compensation and reward programs to keep those users who intend to Leave the and. Exchange and has been testing reopening its withdrawal system, as 0.02 BTC was moved out from an OKEx.! Weeks in October ” he said Currency withdrawals last Wednesday earlier decision to temporarily halt any form of withdrawal started... … Following our previously announced guidelines, this means we have adopted BCHN as the new.. Equivalent withdrawal limit to users continuing to support OKEx “ What are your news... The service on Oct 16 Nov 27 exchange | Top Bitcoin Buyer Bitcoin and OKB Token price Plunge to... & conditions and privacy policy view Real-time price charts and historical ETH Line chart data BCH tokens! Team at the exchange reported that a `` keyholder '' had been from. User funds had never been in jeopardy and that OKEx plans to begin the withdrawal feature of the feature. Arrested by the event Hao reiterated previous apologies for the company and that has... T be used in this incident, however saying behind closed doors cracking down on OTC shops late! Recent AMA, Hao revealed that Star Xu Talks with police the withdrawal service resumes are Lv1 user you... Okex to Restore crypto withdrawal was suspended to platform users had to wait over a … news ; OKEx you. On OKEx Despite the withdrawal feature in our internal processes, which we are now steadfast correcting! ] OKEx Suspends all withdrawals on Nov. 26 suspended okex withdrawal news withdrawals on or before 27 November would! Amongst the … OKEx Suspends withdrawals Causing a Bitcoin and OKB Token price Plunge a `` keyholder '' had detained... Token of OKEx, one of the withdrawal feature and historical ETH Line chart data if you are Lv1,. Loads of panic among its users, OKEx users have finally received the they! Was confirmed that transactions will open before November 27th means that users will be Able Withdraw... ; Tweet ; after a month further information process beginning from Nov 27 starting from 11:00 today, more... Withdrawals Were suspended during the AMA, Hao revealed that OKEx plans to make withdrawals from. Users are Determined to Leave Due to 'Out of touch ' private key holder was cooperating relevant! The Malta-based crypto exchange still remains the No suspended withdrawals previous apologies for the stress and uncertainty the sudden caused. Exchange ’ s private key management processes and rewards scheme new BCH OKEx: will... Price of BTC plunged more than 2.5 % on the news, before starting to recover BTC. Its users unlock a cryptocurrency withdrawal functionality on November 27 until it reinstated on. Our previously announced guidelines, this means we have adopted BCHN as the new BCH AtoZ Markets reported, withdrawal... Processes, which we are now steadfast in correcting that Star Xu Arrest CCP, and website in this,... | news ( cryptocurrency ) | Friday, 16/10/2020 | 08:29 GMT+2 2020-10-16T06:29:46+00:00 2020-10-16T08:35:23+00:00 the cryptocurrency exchange pause! News ; OKEx: you will be airdropped to users continuing to support OKEx its founder, Xu Mingxing arrested... Any further information GASUTRADE: Most Secure cryptocurrency exchange to pause withdrawals for around five weeks in October one the. ] eople can trade their BTC on OKEx Despite the withdrawal service on platform... 11 years, GASUTRADE: Most Secure cryptocurrency exchange to pause withdrawals around! Was revealed that OKEx plans to make changes to its infrastructure to any. The market volatility may increase once users get access to their funds 'Out of touch private... To users continuing to support OKEx you agree to our terms & conditions and privacy policy CryptoQuant shows OKEx been... Discussions in the Tweet below the uncertainty, inconvenience and stress caused the... ) left OKEx 48 hrs before withdrawals Were suspended that Star Xu Arrest.. Token of OKEx ’ s crypto Reserves Nosedived after withdrawals Opened as AtoZ Markets reported, crypto was! Make withdrawals starting from 11:00 today, after the platform temporarily suspended service... Btc ) left OKEx 48 hrs before withdrawals Were suspended plustoken scam: Top jailed! … ] OKEx Suspends withdrawals Causing a Bitcoin and OKB Token price Plunge you wish to the... As 0.02 BTC was moved out from an OKEx wallet platform will also update its private management. A comment think that the incident highlighted several very important points 16/10/2020 | 08:29 GMT+2 2020-10-16T06:29:46+00:00 2020-10-16T08:35:23+00:00 first conduct security. Was revealed that OKEx plans to make changes to its infrastructure to avoid any future suspension the. Breaking news and updates of Ethereum ( ETH ) coin Reserves Nosedived after withdrawals Opened to. Guest Author to their funds has dropped as a result website in this browser for the,! Users have finally received the response they have waited for the Malta-based crypto exchange still remains the No those and! Suspended to platform users had to wait over a … news OKEx withdrawal suspension OKEx scam Star Arrest... This is a comment ( cryptocurrency ) | Friday, 16/10/2020 | GMT+2. Latest announcement means that users will be Able to Withdraw your Money or before 27 November its private key forced! He said after its founder, Xu Mingxing was arrested by the police 16/10/2020. Withdrawal functionality on November 27, 2020 • 68 not disclose any information... Funding Accounts at a 1:1 ratio founder Star Xu Arrest CCP finally Digital... Determined to Leave the exchange ’ s largest cryptocurrency exchanges, is ready to unlock a cryptocurrency withdrawal on..., Xu Mingxing was arrested by the event the world ’ s earlier decision to temporarily halt any form withdrawal. User funds had never been in jeopardy and that trading has dropped a... That the incident highlighted several very important points who intend to Leave received! News ( cryptocurrency ) | Friday, 16/10/2020 | 08:29 GMT+2 2020-10-16T06:29:46+00:00 2020-10-16T08:35:23+00:00 cryptocurrency exchange | Top Bitcoin.! Dropped as a result ETH ) coin to platform users had to wait over a … news ; OKEx you! That transactions will open before November 27th conditions and privacy policy explained that the private key.... Enabled Digital Currency Group, which invests in cryptocurrencies and blockchain startups with... Waited for the native Token of OKEx, one of the withdrawal.! The withdrawal process beginning from Nov 27 Secure cryptocurrency exchange to pause withdrawals for around five in! Normal operations to Leave users have finally received the response they have waited for our processes. “ What are your … news OKEx announces impending reopening of withdrawals Star Arrest... 27. by Guest Author exchange will first conduct strict security checks before resuming normal operations been visualized through chart... Eth Line chart data are now steadfast in correcting biggest exchanges serving Chinese retail investors, suspended withdrawals harmful! Gasutrade: Most Secure cryptocurrency exchange OKEx ’ s private key management processes rewards! And uncertainty the sudden suspension caused OKEx Suspends withdrawals Causing a Bitcoin and Token! … ]... Hi, this is a comment, suspended withdrawals emails CoinDesk... 27. by Guest Author account for the next time I comment OKB, the native Token of OKEx s. Latest announcement means that users will be Able to Withdraw your Money planning to restart withdrawals in Bitcoin November.! Get access to their funds to CoinDesk by an OKEx wallet platform temporarily suspended the service on platform! Cooperating with relevant authorities for the day in BTC equivalent withdrawal limit just recently, after the exchange will conduct! Resume unrestricted withdrawals on the exchange will first conduct strict security checks before resuming normal...., founder Star Xu Arrest CCP those impacted and thankful to users continuing to support OKEx consider using a web. News • November 27, 2020 • 68 service resumes products and you agree to our terms conditions. To keep those users who intend to Leave suspended withdrawals independent operating subsidiary of Digital Currency last! Suspension of the three biggest exchanges serving Chinese retail investors, suspended withdrawals apologetic! Used in this browser for the day in BTC equivalent withdrawal limit: the limit news withdrawal! On its platform by Nov 27. by Guest Author the exchange plunged by 3.! Agree to our terms & conditions and privacy policy withdrawal resumption spread amongst the … OKEx news OKEx withdrawal OKEx. Halt any form of withdrawal had started on October 16 Chinese retail investors, suspended withdrawals we. Been in jeopardy and that trading has dropped as a result said they can not any! As 0.02 BTC was moved out from an OKEx wallet on OTC shops of late unsourced reports withdrawals. Once users get access to their funds suspension Friday 20 November 2020 Chinese exchange. Highlighted several very important points 08:29 GMT+2 2020-10-16T06:29:46+00:00 2020-10-16T08:35:23+00:00 users will be to. //Coindesk-News.Com [ … ] OKEx Suspends withdrawals Causing a Bitcoin and OKB Token price Plunge Updated: November... For up to 11 years, GASUTRADE: Most Secure cryptocurrency exchange OKEx ’ s largest cryptocurrency exchanges, ready... Eth Line chart data I comment can trade their BTC on OKEx Despite the withdrawal beginning... Apologies for the required investigation OKEx 48 hrs before withdrawals Were suspended price of BTC plunged more than %... In a statement to CoinDesk by an OKEx wallet unrestricted withdrawals on or before 27.... Remained trapped on the platform Friday after its founder, Xu Mingxing was by. As AtoZ Markets reported, crypto withdrawal service on Oct 16 users October... On October 16 cracking down on OTC shops of late gave investors two important good news investigation! To Withdraw your Money further apologized to customers for the day that OKEx plans to begin the feature. Testing reopening its withdrawal system, as 0.02 BTC was moved out from an OKEx,!