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Crypto exchange OKEX suspends cryptocurrency withdrawals

Published 10/16/2020, 01:22 AM
Updated 10/16/2020, 01:25 AM

HONG KONG (Reuters) - OKEX, one of the world's largest cryptocurrency exchanges, said on Friday it had suspended withdrawals of digital assets, also known as cryptocurrencies.

The exchange said in a statement posted on its website that it was out of touch with one of its private key holders, and that person was cooperating with public security bureau investigations.

The statement did not say which country's security bureau.

A private key provides access to cryptocurrencies.

Latest comments

The government is afraid of the Crypto space. It is more anonymous for AML the use of cash than the use of Bitcoin
Crypto trading platforms are notoriously corrupt and owners routinely transfer their customers digital assets to their own wallets and then blame it on hackers supoosedly breaching their networks...which is ironic as one of their main selling points is the supposed security of digital vs conventional paper currency..which is a lie and a farce. They get away with it becuase the crypto industry is unregulates and Investors have lost billions without any hope of recovery.Its also why they are not premitted to operate in the US.Bitcoin is mostly used for dark web transactions and by the drug cartels to launder money, it has no intrinsic value otherwise.
Wait this is sketch AF
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