10/16/2020, 8:32 AM (Source: TeleTrader)
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OKEx crypto exchange halts withdrawals

Cryptocurrency exchange OKEx stopped the currency withdrawals, the company noted in a statement posted on the firm's website on Friday.

The halt was caused due to the absence of one of the private key holders, a person who provides access to cryptocurrencies, the exchange stated.

"One of our private key holders is currently cooperating with a public security bureau in investigations where required. We have been out of touch with the concerned private key holder. As such, the associated authorization could not be completed," the statement read. "We will resume digital assets/cryptocurrencies withdrawals immediately once the concerned private key holder is able to authorize the transaction," it concluded.

Breaking the News / BU