OKEx exchange suspended crypto withdrawals on Oct. 16. As a recent report, the OKEx P2P platform said it will resume trading at 12:00 pm, 21 October 2020 (UTC) for the following fiat pairs: CNY, INR, VND.
The Malta-based exchange reported on Oct. 16 that it had suspended cryptocurrency withdrawals because one of its private key holders was “cooperating with a public security bureau” regarding an ongoing investigation. At the time, OKEx said that it planned to resume withdrawals “immediately”, once it was able to authorize such transactions with the key holder.
But from that, with little information coming from the firm or its CEO Jay Hao in the time since, users have begun demanding answers via Twitter.
Many users complained about the lack of transparency compared to that of other exchanges:
Dont take this longer; you are using credibility every second and people are laughing behind Okex. This Exchange doesnt deserve this. Where is your CEO @JayHao8 ? He has to interact and give updated info frequently. When something happens with Binance; CZ tweets every hour.
— Can Ark ⚫️⚪️ (@CanArk_) October 20, 2020
Others implied they were leaving the exchange permanently — presumably, once they regain access to their funds.
This is true, I’m gonna withdraw all of my funds once the withdrawal enabled. How is my funds are safe if I can’t control them. I wanted to invest them in luaswap to receive staking rewards since 16/10 so now I’m losing money every day, it’s the worth exchange of 2020
— Eslam gemy (@Eslamgemy20) October 20, 2020
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