OKEx refutes reports of large transfers after withdrawal halt

Claims that large Bitcoin transfers were carried out after withdrawals from OKEx wallets were halted do not reflect reality. This is stated in the exchange’s latest statement

“Regarding claims that funds were moved from OKEx to a competing exchange that operates the wallets, the team confirmed that the addresses in the cited transactions do not belong to OKEx,” the statement notes.

Earlier, the Whale Alert stated that 5000 BTC and 3500 BTC were moved from OKEx to Binance addresses. In addition, it was claimed that an unknown user transferred 1995 BTC from the Huobi exchange to OKEx.

This information was disputed by OKEx CEO Jay Hao, who urged users to rely on information exclusively from the exchange’s official channels.

These are not #OKEx addresses; @whale_alert and other third parties have mislabeled these addresses. Please only rely on official OKEx channels for up to date information. https://t.co/VgULVjkWPK pic.twitter.com/J5W6cu0svu

— Jay_OKEX_CEO (@JayHao8) October 16, 2020

OKEx halted withdrawals on Thursday, October 16, after one of the private key holders stopped responding.

In its latest statement, the platform’s representatives reiterated that other functions are operating normally and client funds are secure. The exchange did not say when withdrawals would resume.

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