After the digital asset shutdown in mid-October, Maltese cryptocurrency exchange OKEx has remained silent on an unspecified ongoing investigation. OKEx says the prison talk is just a rumor, even though clients still can’t access the exchange, even after three weeks, and don’t hear nice details about the site.
“Allegations that an interested party associated with OKEx is in criminal custody – we can confirm that these are rumors” – were rejected in the OKEx statement.
Cointelegraph contacted OKEx for more information, but did not receive a response at the time of publication. This article will be updated accordingly if an answer is available.
“At the present time, the concerned party, as required by law, is actively cooperating with the Public Security Agency in the investigation,” the statement said, adding: “OKEx sought to obtain legal support and guidance and through this process established contacts with the concerned party.”
OKEx closed the door to asset stripping on October 16th. In Oslo Børs there are a number of organizations responsible for managing private keys for assets. On the day the withdrawal was suspended, the exchange announced that this leader was cooperating with the authorities in the investigation. It remains unclear whether the most recently mentioned “stakeholder” was the owner of this private key from the October 16 statement.
Immediately after news of the October withdrawal closing, there were reports that police had questioned the founder of OKEx Star Xu as part of an investigation several days before the exchange was suspended.
A recent update from OKEx did not provide any specific details about the situation, but the public confirmed it was focusing on legal compliance and indicated that the clients’ assets are currently safe. “Since the withdrawal was suspended on October 16, there has been no expiration of assets in any way,” the statement said.
“At the same time, we can assure users that 100% of their funds can be withdrawn after resuming withdrawals to OKEx. Our business operations are currently stable and operating as normal.”
Regulatory interest in the industry increased in 2020, which is particularly evident in the recent US lawsuit against BitMEX cryptocurrency derivatives exchange.