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26 October 2020

Okex Halts Withdrawals Due to 'Out of Touch' Private Key Holder, Founder Star Xu Talks With Police | Exchanges Bitcoin News

Okex Halts Withdrawals Due to 'Out of Touch' Private Key Holder, Founder Star Xu Talks With Police | Exchanges Bitcoin News


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Okex Halts Withdrawals Due to 'Out of Touch' Private Key Holder, Founder Star Xu Talks With Police.

The digital currency exchange Okex disabled cryptocurrency withdrawals on Friday morning and explained that funds were “safe and not affected.” Following the withdrawal announcement, regional reports claim that Okex’s founder Mingxing “Star” Xu was taken away by the police.

On Friday morning (ET) a local report from the publication Caixin detailed that the founder of Okex, Mingxing “Star” Xu, was taken away by the police.

According to the post, a private key holder from the exchange is currently unavailable and working with law enforcement.

“We have been out of touch with the concerned private key holder.

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