An anonymous user transferred 1,995 BTC (about $22.6 million) from the Huobi cryptocurrency exchange to OKEx. The motive for the transaction remains unclear in light of the temporary withdrawal suspension.
According to Whale Alert, the amount was split into two transactions, separated by 2.5 hours.
🚨 998 #BTC (11,333,911 USD) transferred from #Huobi to #OKEx
— Whale Alert (@whale_alert) October 16, 2020
🚨 997 #BTC (11,265,034 USD) transferred from #Huobi to #OKEx
— Whale Alert (@whale_alert) October 16, 2020
Some users speculated that the sender did not receive OKEx’s notice of the withdrawal suspension.
According to Chain.info, thanks to the transfer of 1,995 BTC from Huobi, OKEx’s outflow over the past 24 hours fell to 6,269 BTC. At the time of writing, OKEx’s cold, hot and deposit wallets held 276,184 BTC.
Daily bitcoin flow on OKEx. Source: Chain.info.
Update: Whale Alert recorded moves of 5,000 BTC and 3,500 BTC from OKEx to Binance addresses. The service representatives said these could be internal exchange transfers.
🚨 🚨 🚨 🚨 🚨 5,000 #BTC (56,557,317 USD) transferred from #OKEx to #Binance
— Whale Alert (@whale_alert) October 16, 2020
ℹ️ We suspect these are internal exchange transfers. We are investigating the matter right now.
— Whale Alert (@whale_alert/status/1317115833513070596?ref_src=twsrc%5Etfw”>October 16, 2020
Read more about the OKEx situation and the reasons for the withdrawal suspension at the link.
OKEx suspended withdrawals. The media reported the founder’s arrest
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