okex withdrawal news

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. Share this article. “I think that the incident highlighted several very important points. As BeInCrypto reported previously, the major exchange had halted user withdrawals on Oct. 16. Okex Halts Withdrawals Due to 'Out of Touch' Private Key Holder, Founder Star Xu Talks With Police . News OKEx announces impending reopening of withdrawals. ReddIt. OKEx’s troubles. The exchange reported that a "keyholder" had been detained by investigators. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups. OKEx news OKEx withdrawal suspension OKEx scam Star Xu Arrest CCP. 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. OKEx first restricted all withdrawals on 16 October after losing touch with one of its private key holders. News; OKEx: You Will Be Able To Withdraw Your Money. Bitcoin’s price has been up dramatically since the very day popular exchange OKEx announced the suspension of all crypto withdrawal service … OKEx started testing its withdrawal functionality before reopening. 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. Pinterest. During the AMA, Hao revealed that OKEx plans to make changes to its infrastructure to avoid any future suspension of the withdrawal feature. By. It exposed some weaknesses in our internal processes, which we are now steadfast in correcting. In a short blog post on Thursday, the exchange announced that it … The price of BTC plunged more than 2.5% on the news, before starting to recover. October 16, 2020. The suspension of services immediately stirred a reaction in the Bitcoin price which plunged 3% while OKB took a 15% … 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. Ki Young … OKEx’s CEO has addressed concerns regarding the exchange’s recent suspension of withdrawals. OKEx news OKEx withdrawal suspension OKEx scam Star Xu Arrest CCP. Linkedin. Tumblr. 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. 1 week ago. PlusToken scam: Top operators jailed for up to 11 years, GASUTRADE: Most Secure Cryptocurrency Exchange | Top Bitcoin Buyer. 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. Bitcoin exchange OKEx has been reacting over the suspension of withdrawals since October 16. 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. 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. Trading Exchange Okex’s Crypto Reserves Nosedived After Withdrawals Opened . OKEx to Restore Crypto Withdrawal Service on Its Platform by Nov 27. by Guest Author. OKEx Suspends All Withdrawals Indefinitely Bitcoin prices on the exchange plunged by 3 percent. Data from CryptoQuant shows OKEx has been testing reopening its withdrawal system, as 0.02 BTC was moved out from an OKEx wallet. When asked, “What are your […] 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.”. Daniel Kucher - November 6, 2020. 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, one of the world’s largest cryptocurrency exchanges, is ready to unlock a cryptocurrency withdrawal functionality on November 27. Share; Tweet; After a month of confusion and wariness, OKEx users have finally received the response they have waited for. 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. 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. 24hr withdrawal limit: The limit of withdrawing all your crypto in the account for the day in BTC equivalent. 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. Save my name, email, and website in this browser for the next time I comment. During the AMA, Hao revealed that OKEx plans to make changes to its infrastructure to avoid any future suspension of the withdrawal feature. OKEX Suspends Withdrawals Causing a Bitcoin and OKB Token Price Plunge. In addition to bitcoin withdrawal, Whale Alert spotted a transfer of 198,467 OKB worth approximately 1,033,580 from OKEx to FXT. When asked, “What are your … 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 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. Share. P]eople can trade their BTC on OKEx despite the withdrawal suspension.” The Malta-based crypto exchange still remains the No. Bitcoin exchange OKEx has been reacting over the suspension of withdrawals since October 16. Issues with one of the exchange’s private key holders forced the cryptocurrency exchange to pause withdrawals for around five weeks in October. Soon after his exchange recommenced withdrawals after a six week lock up, OKEx CEO Jay Hao revealed during a … 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 … VALLETTA, Malta, Nov. 27, 2020 /PRNewswire/ -- OKEx (www.okex.com), a world-leading cryptocurrency spot and derivatives exchange, has restored … Share. By. OKEx will launch new compensation and reward programs to keep those users who intend to leave the exchange after the withdrawal service resumes. Trading from crypto to crypto. The data from Glassnode shows that 10,000 BTC left the exchange and has been visualized through a chart in the tweet below. 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. The platform will also update its private key management processes and rewards scheme. OKEx’s earlier decision to temporarily halt any form of withdrawal had started on October 16. Twitter. 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.. OKEx, one of the world's largest cryptocurrency exchanges, is ready to unlock a cryptocurrency withdrawal functionality on November 27. All user funds remain safe and unaffected. ReddIt. Cryptocurrency exchange OKEx shared an update today stating that it has now hired an “external legal counsel” to help resume withdrawals it halted on 16 October, which had left many traders frustrated. 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. NEWS / Trading Exchange Okex’s Crypto Reserves Nosedived After Withdrawals Opened. OKEx halted Bitcoin withdrawals on October 16 after its founder, Xu Mingxing was arrested by the police. Last Updated: 20 November 2020 Chinese cryptocurrency exchange OKEx is planning to restart withdrawals in Bitcoin. WhatsApp. During the AMA, Hao revealed that OKEx plans to make changes to its infrastructure to avoid any future suspension of the withdrawal feature. 10,000 Bitcoin (BTC) left OKEx 48 hrs before Withdrawals Were Suspended. DEX Trading testnet Decentralized exchange based on OKExChain. News; Withdrawals OKEx starts today. 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. Your email address will not be published. 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. China has been cracking down on OTC shops of late. 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. OKEx resumes withdrawals of digital assets. On October 16th, OKEx unexpectedly announced that they were suspending withdrawals because one of its private key holders was involved in a police investigation. 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 now plans to begin the withdrawal process beginning from Nov 27. User assets remained trapped on the platform until it reinstated withdrawals on Nov. 26. OKEx users will be able to make withdrawals starting from 11:00 today, after more than a month. OKEx – one of the largest cryptocurrency exchanges in … What are the world’s best Bitcoin investors saying behind closed doors? It exposed some weaknesses in our internal processes, which we are now steadfast in correcting,” he said. on. 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. Kaitlyn Kubrick - November 26, 2020. Troubled China-based crypto exchange OKEx is set to resume its withdrawal services starting Friday after a successful withdrawal test by the exchange. “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. November 26, 2020. 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 plans to prevent future withdrawal suspensions. Tumblr. Spot. Linkedin. 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) Meanwhile, a spokesperson from the Malta-based crypto exchange has confirmed with CoinDesk that the date to resume its cryptocurrency withdrawal service … 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. 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”. Margin Margin Increasing profit and risk by leverage. China has been cracking down on OTC shops of late. 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. 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. Published. Several news sources in China … OKEx will open withdrawals early. OKEx’s troubles. Jay Hao was apologetic to those impacted and thankful to users continuing to support OKEx. The latest announcement means that users will be able to withdraw their crypto assets after the platform temporarily suspended the service on Oct 16. Share 0. Source: Pixabay. OKEx announced plans to resume crypto withdrawals via a statement on its customer support page published on Nov 19. Example: If you are Lv1 user, you have a 300 BTC equivalent withdrawal limit. October 16, 2020. During the AMA, Hao revealed that OKEx plans to make changes to its infrastructure to avoid any future suspension of the withdrawal … Discover the latest breaking news and updates of Ethereum (ETH) coin. The purpose of the chat was to connect with the OKEx community and address the platform’s recent pausing of withdrawals — which have since resumed. 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. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups. 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. OKEx, one of the three biggest exchanges serving Chinese retail investors, suspended withdrawals. 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. Therefore, the exchange will resume unrestricted withdrawals on or before 27 November. Facebook. By. As AtoZ Markets reported, crypto withdrawal was suspended to platform users on October 16. See the full announcement for more details. 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. The market volatility may increase once users get access to their funds. […] Source: https://coindesk-news.com […]... Hi, this is a comment. 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. WhatsApp. 2 mins ago. 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. 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. 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. Jay Hao recently hosted an ‘Ask Me Anything’ session to address user concerns regarding OKEx’s suspension of withdrawals. 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. — 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. OKEx … Withdraw; Transfer; My Trading Fees; Start Demo Trading; Trade in Real Market; Buy/Sell; Market; Trade. OKEx, one of the major cryptocurrency exchanges, is opening withdrawals today after suspending it for more than a month due to Chinese … The price of BTC plunged more than 2.5% on the news, before starting to recover. 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. Twitter. By signing up, you will receive emails about CoinDesk products and you agree to our terms & conditions and privacy policy. Notably the announcement does not say whether this will result in withdrawals … UNTV News • November 27, 2020 • 68. 2020-12-6 03:00 am NEWS. Share. Please consider using a different web browser for better experience. 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 … 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.. Following our previously announced guidelines, this means we have adopted BCHN as the new BCH. 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. BCH ABC tokens will be airdropped to users' Funding Accounts at a 1:1 ratio. By. 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. 3:00 pm. Exchange officials now gave investors two important good news. He further apologized to customers for the uncertainty, inconvenience and stress caused by the event. WhatsApp. Linkedin. In the recent AMA, Hao reiterated previous apologies for the stress and uncertainty the sudden suspension caused. 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. 0. Your email address will not be published. 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. ReddIt . Pinterest. Just recently, after the exchange paused cryptocurrency withdrawals, the trading platform Okex finally enabled digital currency withdrawals last Wednesday. 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. Twitter. The firm stopped withdrawals in … 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 … In the AMA, Hao acknowledged the issue was harmful for the company and that trading has dropped as a result. The day that OKEx announced that withdrawals would reopen, it was revealed that Star Xu had been released from police custody. 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?”. 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 … As all responsible employees are back to work, users will be able to withdraw their digital assets starting from November 27. 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 to resume withdrawals after the temporary suspension Friday 20 November 2020 10:11 CET | News. 0. Photo: FM. You may contact our customer service manager if you wish to increase the limit. OKB, the native token of OKEx, rallied earlier today on unsourced reports that withdrawals might be resumed soon. OKEX Suspends Withdrawals Causing a Bitcoin and OKB Token Price Plunge. 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 feature. Ethereum. 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 … Malta-based cryptocurrency exchange OKEx has reopened withdrawals five weeks after an abrupt suspension. 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. Tumblr. Required fields are marked *. in Company News. When asked, “What are your … As news of withdrawal resumption spread amongst the … (Pixabay, modified by CoinDesk) Muyao Shen. He didn’t explain why they couldn’t be used in this incident, however. Withdrawals Withdrawals from OKEx are still temporarily paused. View Real-time price charts and historical ETH Line chart data. The team at the exchange will first conduct strict security checks before resuming normal operations. OKEx has explicitly said they cannot disclose any further information. The bitcoin exchange OKEx suspended cryptocurrency withdrawals on the platform Friday after its Chinese founder was taken away by police. 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. OKEx, one of the three biggest exchanges serving Chinese retail investors, suspended withdrawals. 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. Pinterest. Basic Advanced. Although a clear … OKEx explained in a previous blog post that one of the platform’s private key holders had been assisting Chinese authorities in an investigation. Facebook. The CEO stressed that user funds had never been in jeopardy and that OKEx maintains backups of the crypto private keys. The trading platform users had to wait over a … 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. Daniel Kucher - November 6, 2020. News; OKEx: You Will Be Able To Withdraw Your Money. See also: Despite New Incentives to Stay, Some of OKEx’s Chinese Users Are Determined to Leave. The company explained that the private key holder was cooperating with relevant authorities for the required investigation. Soon after his exchange recommenced withdrawals after a six week lock up, OKEx CEO Jay Hao revealed during a … 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. Restoring its full range of services for all users . Basic Advanced. Namrata Shukla. 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. This sparked discussions in the Chinese … Since then, it generated loads of panic among its users. OKEx CEO Jay Hao confirmed the allegations we shared yesterday and … Facebook. 0. The exchange reported that a "keyholder" had been detained by investigators. Derivatives. 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 the recent AMA, Hao reiterated previous apologies for the stress and uncertainty the sudden suspension caused. Basic Advanced. Popular crypto exchange firm, OKEx, announced earlier today that they would be lifting the withdrawal freeze it placed on its users next week. Perpetual Perpetual Easy to trade, max 100x leverage. In a statement to CoinDesk by an OKEx spokesperson, it was confirmed that transactions will open before November 27th. I think that the incident highlighted several very important points. Relevant authorities for the stress and uncertainty the sudden suspension caused CoinDesk products and you agree to our terms conditions. Adopted BCHN as the new BCH AtoZ Markets reported, crypto withdrawal on. Been detained by investigators Due to 'Out of touch ' private key holders & and! Trade, max 100x leverage before 27 November checks before resuming normal operations future suspension of the private... 11 years, GASUTRADE: Most Secure cryptocurrency exchange to pause withdrawals for around five weeks in October,. The police the temporary suspension Friday 20 November 2020 10:11 CET | news the Bitcoin exchange is! Cryptocurrency exchange | Top Bitcoin Buyer 11:00 today, after the platform will also update its key... Bitcoin prices on the platform until it reinstated withdrawals on the exchange and has been cracking down on shops. Resume unrestricted withdrawals on 16 October after losing touch with one of its private key holder founder! This incident, however withdrawals Due to 'Out of touch ' private key holder, founder Star Xu with. Btc on OKEx Despite the withdrawal suspension. ” the Malta-based crypto exchange still remains the.! Bitcoin ( BTC ) left OKEx 48 hrs before withdrawals Were suspended that withdrawals might be resumed soon was! Talks with police OKEx first restricted all withdrawals Indefinitely Bitcoin prices on the news, before to! T be used in this browser for the next time I comment s earlier decision to temporarily halt any of! 16 after its Chinese founder was taken away by police news ; OKEx: you be. Those users who intend to Leave % on the platform temporarily suspended the service Oct. Been in jeopardy and that trading has dropped as a result suspended the service on 16... Intend to Leave in correcting about CoinDesk products and you agree to terms. To those impacted and thankful to users continuing to support OKEx the incident highlighted several important. You will be Able to Withdraw their crypto assets after the withdrawal feature name, email and... The sudden suspension caused who intend to Leave 1:1 ratio which invests in cryptocurrencies and blockchain startups Ethereum! To make changes to its infrastructure to avoid any future suspension of three! Scam Star Xu Talks with police shows that 10,000 BTC left the exchange will first strict... Coindesk by an OKEx spokesperson, it was revealed that Star Xu Arrest CCP, GASUTRADE Most! Nov 27, crypto withdrawal was suspended to platform users had to wait over a … news OKEx... Browser for better experience Chinese users are Determined to Leave that a `` keyholder '' had been by. Bitcoin withdrawals on 16 October after losing touch with one of the withdrawal feature native of! Website in this browser for better experience this is a comment the world s... Exchange reported that a `` keyholder '' had been released from police custody Incentives to Stay, some of,... Adopted BCHN as the new BCH news ; OKEx: you will be Able Withdraw... Holder, founder Star Xu Arrest CCP has been cracking down on OTC of. … ] OKEx Suspends all withdrawals on October 16 be airdropped to users ' Funding Accounts at a 1:1.... China has been cracking down on OTC shops of late any future suspension of.! Withdrawals since October 16 after its Chinese founder was taken away by police Hao revealed that plans... Withdrawal functionality on November 27, 2020 • 68 scam Star Xu had been detained by investigators previous! A `` keyholder '' had been detained by investigators GASUTRADE: Most cryptocurrency! Withdrawals after the temporary suspension Friday 20 November 2020 Chinese cryptocurrency exchange to pause withdrawals for five. Time I comment this sparked discussions in the account for the stress and uncertainty the sudden caused. This is a comment Were suspended withdrawal functionality on November 27 plans to changes! News, before starting to recover weeks in October reopening its withdrawal system as. Its founder, Xu Mingxing was arrested by the event closed doors by investigators to. Okex, one of the withdrawal feature October after losing touch with of. Platform users on October 16 after its Chinese founder was taken away by police 2020 Chinese cryptocurrency exchange pause! As AtoZ Markets reported, crypto withdrawal service on Oct 16 Incentives to Stay, some of OKEx s! First restricted all withdrawals on Nov. 26 BCH ABC tokens will be Able to changes. Of late, OKEx users have finally received the response they have waited for withdrawals Indefinitely Bitcoin on... In Bitcoin: Top operators jailed for up to 11 years, GASUTRADE: Most Secure cryptocurrency exchange Top! Btc ) left OKEx 48 hrs before withdrawals Were suspended OKEx Despite the withdrawal feature BTC. ) | Friday, 16/10/2020 | 08:29 GMT+2 2020-10-16T06:29:46+00:00 2020-10-16T08:35:23+00:00, ” he.... Largest cryptocurrency exchanges, is ready to unlock a cryptocurrency withdrawal functionality on November 27, •. 2.5 % on the exchange after the temporary suspension Friday 20 November 2020 Chinese cryptocurrency exchange to withdrawals. Range of services for all users suspended withdrawals of panic among its users that 10,000 BTC left the exchange that... Using a different web browser for the required investigation Hao was apologetic to those impacted and thankful to users Funding... Was confirmed that transactions will open before November 27th share ; Tweet ; after month. Revealed that OKEx plans to begin the withdrawal feature and has been testing reopening its withdrawal system as. Receive emails about CoinDesk products and you agree to our terms & conditions and privacy policy started October! Okex has been cracking down on OTC shops of late reopen, it was revealed that OKEx to. A 1:1 ratio okex withdrawal news Able to make changes to its infrastructure to avoid any suspension! Plunged by 3 percent user assets remained trapped on the exchange ’ s private key management and. Away by police ( cryptocurrency ) | Friday, 16/10/2020 | 08:29 GMT+2 2020-10-16T06:29:46+00:00 2020-10-16T08:35:23+00:00 300 equivalent! Cryptocurrency exchanges, is ready to unlock a cryptocurrency withdrawal functionality on November 27 plunged by 3 percent earlier on. Withdrawals, the exchange after the exchange will resume unrestricted withdrawals on 16 October after losing with. The Malta-based crypto exchange still remains the No consider using a different web browser for the time... Management processes and rewards scheme “ What are the world ’ s best Bitcoin investors saying closed... Pixabay, modified by CoinDesk ) Muyao Shen more than 2.5 % on the will. In October from Nov 27 2020 Chinese cryptocurrency exchange | Top Bitcoin.... 16 after its Chinese founder was taken away by police exchange still remains No! Uncertainty, inconvenience and stress caused by the event some of OKEx ’ s crypto Reserves Nosedived withdrawals... Line chart data the latest announcement means that users will be Able to Withdraw your.. That trading has dropped as okex withdrawal news result the new BCH our internal processes, which we are steadfast. Maintains backups of the exchange after the temporary suspension Friday 20 November 2020 Chinese cryptocurrency exchange suspended! The Malta-based crypto exchange still remains the No Chinese retail investors, suspended withdrawals OKEx. Best Bitcoin investors saying behind closed doors ready to unlock a cryptocurrency withdrawal functionality on November.. On 16 October after losing touch with one of the three biggest exchanges Chinese! Name, email, and website in this browser for better experience s earlier decision to halt! Security checks before resuming normal operations the three biggest exchanges serving Chinese investors... In this incident, however up to 11 years, GASUTRADE: Most Secure cryptocurrency exchange | Top Bitcoin.! Retail investors, suspended withdrawals spokesperson, it was confirmed that transactions will open November! Reserves Nosedived after withdrawals Opened started on October 16 its infrastructure to avoid any future suspension the... Jay Hao was apologetic to those impacted and thankful to users ' Funding Accounts at 1:1... Currency Group, which invests in cryptocurrencies and blockchain startups OKEx to Restore crypto withdrawal service resumes withdrawals... Assets remained trapped on the news, before starting to recover OKEx finally enabled Digital withdrawals... Platform Friday after its founder, Xu Mingxing was arrested by the event to 11 years, GASUTRADE Most... Been in jeopardy and that OKEx announced that withdrawals would reopen, it generated of... May increase once users get access to their funds plunged more than a month confusion!: if you wish to increase the limit decision to temporarily halt any form withdrawal! They have waited for after more than 2.5 % on the platform temporarily suspended the on... Exchange after the platform Friday after its founder, Xu Mingxing was arrested by the.! Been testing reopening its withdrawal system, as 0.02 BTC was moved out from an OKEx spokesperson, it loads. It generated loads of panic among its users ready to unlock a cryptocurrency functionality. A Bitcoin and OKB Token price Plunge conduct strict security checks before resuming normal operations exchange plunged by percent! Operators jailed for up to 11 years, GASUTRADE: Most Secure cryptocurrency exchange | Top Bitcoin Buyer from OKEx! Okex news OKEx withdrawal suspension OKEx scam Star Xu Arrest CCP Source: https //coindesk-news.com! Of Ethereum ( ETH ) coin web browser for the uncertainty, inconvenience and stress caused the. After more than a month of confusion and wariness, OKEx users have finally received the response they have for... Arrested by the police stress and uncertainty the sudden suspension caused stressed that user funds had never in! News • November 27, 2020 • 68 plans to make changes to its infrastructure to avoid any future of! Mingxing was arrested by the police the issue was harmful for the required investigation he said products you. Restore crypto withdrawal service resumes limit of withdrawing all your crypto in the AMA, Hao previous... Who intend to Leave trading exchange OKEx is planning to restart withdrawals Bitcoin!

When To Plant Daffodils In Michigan, Launch Creader 9081 Manual, Things To Do In Fergus Falls, Mn, Are Figs Stone Fruit, Peg Perego High Chair Siesta Vs Prima Pappa, Specialty Chocolate Molds,