OKEx withdrew 0.02 Bitcoin, suggesting that the service could indeed resume by November 27

OKEx has successfully tested a withdrawal transaction, suggesting that the service could indeed resume by November 27, according to on-chain data analytics platform CryptoQuant.

CryptoQuant CEO Ki Young Ju noticed the transaction, where OKEx withdrew 0.02 bitcoin (worth about $370) from one of its wallets.

“I think OKEx withdrawal reopening may cause volatility due to bulk withdrawal requests”. He added.

Jay Hao, CEO of OKEx also tweeted: “Warm up is over. Full speed ahead!”

OKEx first suspended withdrawals on October 16, after the founder of OK Group “Star Xu” has arrested by Chinese police. On the morning of the 20th, Star Xu personally responded that the company completed an equity M&A transaction several years ago. Because the acquired party was involved in a complicated judicial case, he was required to cooperate in the investigation.

“At present, the judiciary has ascertained the facts and returned my innocence.” Star Xu said on WeChat.

The price of OKEx coin (OKB) has risen almost 10% over the past 24 hours, trading around $ 6.6.

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