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$22 Million In Bitcoin Transferred To OKEx Despite Withdrawal Freeze

  • A massive amount of Bitcoin has moved from Huobi cryptocurrency exchange to OKEx despite the latter having temporarily suspended crypto withdrawals.
  • The funds were transferred in two separate BTC transactions worth 998 BTC ($11.3 million) and 997 BTC ($11.3 million) at 3:51 a.m. EST and 06:22 a.m. EST, respectively.
  • OKEx now holds a total of 276,184 BTC on its cold vault, hot wallets and deposit wallets. On the flip side, a total of 6,269 BTC has left OKEx over the past 24 hours.
  • The transfers raise some questions as 1,995 BTC is now locked on the platform due to the platform temporarily blocking crypto withdrawals.
  • The decision to freeze withdrawals came after OKEx founder Star Xu was questioned by the police a week ago.
  • Read the full story here.

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