OKEx pledges to prevent a repeat withdrawal freeze

The OKEx cryptocurrency exchange will fix vulnerabilities in internal processes to prevent a repeat of the withdrawal suspension. This was reported by Jay Hao, CEO of the trading platform.

According to him, in the coming months OKEx will launch a new transparency plan for the exchange. This will allow users to monitor wallet addresses at any time.

Hao also noted that the incident was not connected to allegations by Chinese law enforcement agencies.

OKEx suspended withdrawals on October 16. It was initially reported that one of the private key holders was not reachable and was cooperating with law enforcement authorities.

The media speculated that it concerned the platform founder Star Xu, but his representatives denied the information. Later he stated that the case related to a capital share merger involving his OK Group company several years ago.

Earlier, the OKEx restored withdrawals on Thursday, 26 November.

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