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OKEx’s Withdrawals Still Remain Suspended – Denies Detainment Of Star Xu

Nov 7, 2020
OKEx’s Withdrawals Still Remain Suspended - Denies Detainment Of Star Xu

A lot of hue and cry is still continuing amongst the customers of OKEx – a world popular crypto exchange platform.

Earlier the withdrawal requests at the exchange were suspended till the time unknown. It was told that some of the key personnel of the exchange had gone missing. It was further told that since the missing key personnel had the critical information therefore withdrawals had been suspended.

However, even though more than three weeks had been passed, yet the withdrawals had not been resumed at OKEx. The customers of the exchange are getting even more frustrated because they are not allowed to withdraw their funds.

There were rumors that the founder of the exchange was detained by the local police for questioning on an investigation. However, the officials of OKEx had categorically refuted rumors of an arrest of its founder.

Rumors suggested that OKEx – a Malta-based crypto trading platform – is still hiding key information relating to an ongoing investigation. The rumors further suggested that Star Xu, the founder of the exchange, got detained by local investigating agencies. Yet the news regarding the arrest of Star Xu was denied by the officials of the exchange.

Various customers have complained that they are kept in the dark. There is something going on which had not been shared with them, said one of the customers of OKEx.

Meanwhile, in order to clear the cluster, OKEx had issued a public message today. In the message, it has been told that the news regarding the arrest of Star Xu is untrue. The message further suggested that the exchange is assisting the investigating agency to conclude an investigation. In addition, it has been told that legal guidance had been sought by the firm from expert lawyers.

Later on Cointelegraph also established a contact with OKEx’s officials to fetch further information. However, still no positive response of sharing further information had been received by Cointelegraph.

However, it seems that OKEx attempt to update the general public had miserably failed. There is still a huge unrest prevailing amongst its customers and investors whose money is lying with the exchange.

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