BTC and OKB plunge after OKEx suspends withdrawals

Cointelegraph

Published Oct 16, 2020 12:48AM ET

Updated Oct 18, 2020 03:00AM ET

Major crypto asset exchange OKEx has suspended cryptocurrency withdrawals, announcing that one of the holders of its private keys is “currently cooperating with a public security bureau” concerning ongoing “investigations.”

The exchange noted that it has been “out of touch” with the key-holder, preventing the "associated authorization" from being completed. OKEx plans to resume digital asset withdrawals “immediately” once the key-holder “is able to authorize the transaction.”

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