DragonEx crypto exchange considering shutdown amid OKEx 'crisis of trust'

Cointelegraph

Published Oct 21, 2020 08:19AM ET

Updated Oct 21, 2020 10:00AM ET

DragonEx crypto exchange suspended deposits and withdrawals of all digital currencies on its platform due to issues triggered by OKEx’s ongoing withdrawal freeze.

In an official announcement on Oct. 21, DragonEx said that the OKEx freeze triggered a “crisis of trust” in centralized exchanges among its customers, which in turn fueled a run on funds and deteriorated the platform's service.

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