The founding father of main world cryptocurrency trade OKEx has been reportedly questioned by authorities earlier to OKEx suspending cryptocurrency withdrawals.
OKEx founder Mingxing Xu, also referred to as Star Xu, has reportedly been questioned by the police, Chinese language information company Caixin reported immediately. In line with the report, the chief was investigated “no less than every week in the past” and has additionally been absent from work for a while.
When approached for touch upon Xu’s participation in a police inquiry, OKEx advised Cointelegraph that the trade is now not affiliated with OK Group, the place Xu is a senior government, and due to this fact was not ready to touch upon his actions.
The information comes shortly after OKEx suspended withdrawals of crypto belongings on its platform immediately. In line with the trade, OKEx’s personal key holders are cooperating with a public safety bureau in an ongoing investigation. The trade advised Cointelegraph:
“We’re unable to reveal the character of an ongoing investigation however wish to guarantee all OKEx customers that their funds are secure and that each one different capabilities on OKEx are unaffected.”
OKEx CEO Jay Hao stated that the choice to quickly droop withdrawals was taken “with person safety in thoughts,” stating:
“As a world-leading trade, person safety shouldn’t be one thing that OKEx can or will ever compromise on. We are going to do every part in our energy to reinstate this service promptly and can present updates on the matter as quickly as doable.”