OKEx

OKEx

OKEx’s Trading Volumes and Tether Reserve Plunge on Possible User Exodus

Muyao ShenDec 3, 2020

A sharp drop in OKEx’s trading volume and stablecoin reserves – tether in particular – may reveal an ongoing exodus of its users after the popular crypto derivatives exchange unexpectedly halted all crypto withdrawal activities for about five weeks.

OKEx

OKEx CEO Says Exchange Updating Procedures to Prevent Repeat of Withdrawal Freeze Issue

Tanzeel AkhtarDec 2, 2020

Jay Hao pledged in an AMA that his firm has taken steps to ensure cryptocurrency withdrawals won't again be frozen because of the absence of a keyholder.

First Mover

First Mover: Bitcoin Below $19K and Customers Flee OKEx

Muyao Shen Omkar Godbole Bradley KeounDec 4, 2020

OKEx appears to suffer customer outflows after lifting of five-week withdrawal suspension, highlighting the existential threat of operational risk.

OKEx

OKEx Sees Biggest Bitcoin Outflow in 8 Months After Resuming Withdrawals

Omkar GodboleNov 26, 2020

About 2,822 BTC was moved from OKEx within 15 minutes of withdrawals restarting.

OKEx

OKEx Resumes Withdrawals 5 Weeks After Freeze

Sebastian SinclairNov 26, 2020

The cryptocurrency exchange is reopening withdrawals five weeks after services were suspended due to a missing key holder.

OKEx

OKEx

Despite New Incentives to Stay, Some of OKEx’s Chinese Users Are Determined to Leave

Muyao Shen

Some OKEx's users in China are determined to leave the exchange despite new incentives designed to keep them.

OKEx

OKEx to Resume Withdrawals Before Nov. 27, Offers New Compensation Programs

Muyao Shen

OKEx will compensate those users who have been frustrated by its suspension of withdrawal service.

Bitcoin

OKEx’s Withdrawal Suspension Isn’t Behind Bitcoin’s Rally: Analysts

Muyao Shen

Bitcoin’s price has been up dramatically since OKEx's crypto withdrawal service suspension, yet it's not behind the price rally.

Exchanges

Star Xu Surfaces From Detention as OKEx’s Mystery Key Holder Also Returns

Sebastian Sinclair

Xu's temporary detention and subsequent release closely coincides with the period that OKEx's unnamed key holder also became unavailable.

OKEx

OKEx Exchange Says Crypto Withdrawals to Restart by Next Friday

Daniel Palmer

"The private key holder has now returned to his normal business functions," the exchange said in a notice Thursday.

OKEx

OKEx Token Rallies on Rumors Founder Xu Released From Custody

Zack Voell

The token has rallied nearly 13% Wednesday.

OKEx

OKEx Mining Pool Flatlines After 99.5% Hash Power Drop as Withdrawal Suspensions Spook Clients

Zack Voell

The pool's hash power has dropped from 5,000 to barely 20 PH/s.