THELOGICALINDIAN - Bitcoins amount has been adverse acute affairs burden throughout the accomplished few hours due to contempo account surrounding the arrest of the OKEx founder
OKEx is one of the better crypto trading platforms in Asia, alongside Huobi and Binance.
Last night, account bankrupt that the architect of the belvedere had been arrested by Chinese authorities and can no best conduct any abjure authorizations due to him actuality the alone key holder for the exchange’s wallets.
Some investors are anxious that this will represent a new beachcomber of authoritative crackdowns in China and bang a draft to Bitcoin investors and traders who were application the platform.
OKEx Halts Crypto Withdraws Following Founder’s Arrest
Information surrounding the arrest of the OKEx architect is somewhat bound at the time, with some letters suggesting that he was arrested weeks ago.
In a column appear aloof hours ago, the belvedere capacity how he consistently has to conduct abandonment authorizations, with the latest one – which would commonly action today – not occurring due to him still actuality in badge custody.
This has acquired all the crypto aural the belvedere to be locked, although users can still trade.
Glassnode: 200,000 Bitcoin Currently Locked Within OKEx
One analytics close explained that abstracts suggests there’s currently 200,000 BTC bound aural the belvedere in a contempo tweet.
This is a amazing number, and the impacts of this either actuality assuredly bound or bedeviled by the Chinese government has created some abhorrence amidst investors.
Bitcoin’s price has remained abiding admitting this news, but it is cryptic as to how continued this adherence will aftermost as this bearings continues developing.
