OKEx Denies Rumors About its Founder’s Criminal Detainment

On November 6, OKEx exchange claimed that all the speculations about the executive’s arrest are just rumors.

“Claims that a concerned party related to OKEx is under criminal detention have been refuted — we can confirm that these are rumors,” OKEx said.

Last month, OKEx suspended all cryptocurrency withdrawals citing that one of the exchange’s key holders has been “out of touch”, hence, all “associated authorization” for withdrawals had been prevented.

The exchange added that its key-holder was “cooperating with a public security bureau” concerning ongoing “investigations,” which it said didn’t have anything to do with OKEx.

OKEx resumed peer-to-peer (P2P) trading amidst the suspension, for Chinese yuan, Vietnamese dong, and Indian rupee a few days after the withdrawal suspension.