OKEx reopens withdrawal function after co-founder is freed

OKEx exchange has announced the reopening of the withdrawal function for users after more than a month of shutting down this function.

On October 16, one of OKEX’s private key holders is said to be cooperating with the investigation agency and OKEX has not been able to contact this person. Therefore, the exchange cannot complete the relevant authorizations. Specifically, OKEx suspends digital asset/cryptocurrency withdrawals as of October 16, 2020 at 11:00 (Hong Kong Time).

This afternoon (November 19), according to the latest update from OKEx, the member who holds the private key of the exchange investigated by the police was not found to have committed any illegal activity. Therefore, OKEx will reopen the unlimited withdrawal function on 11/27.

We’re pleased to announce @OKEx will reopen withdrawals by Nov 27, 2020. We are committed to building more high-quality products and enhancing the overall user experience for everyone in the #OKFam.

Reward campaigns coming soon. Stay close!

Details: https://t.co/Xc5vrUQF40

— OKEx (@OKEx) November 19, 2020

“We are pleased to announce that OKEx will reopen withdrawals on 11/27/2020. We are committed to building better products and improving the experience for all users in the #OKFam family.

We will organize many rewarding activities. Stay tuned!”

The news that Mr. Xu, co-founder of OKEx was released from prison also appeared earlier today and was quickly shared on many social networks such as WeChat or Twitter. At the same time, the price of OKB – OKEx exchange token also quickly skyrocketed more than 20% within the last 24 hours.