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Hit For Bitcoin: OKEx Suspends Withdrawals But Funds Went In And Out


A few hours ago one of the most important crypto exchanges in China, OKEx, issued a press release where it announced the indefinite suspension of crypto withdrawals. What is happening? Did it affect Bitcoin?

Panic around OKEx

As we reported in CryptoTrend, today the crypto market has been shaken as a result of OKEx announcing the suspension of crypto withdrawals indefinitely.

But the question is: Why were the withdrawals suspended? It turns out that the police are currently conducting an investigation and are in conversation with the private key holders.

In the statement, OKEx noted that “One of our private key holders is currently cooperating with a public security office in investigations when necessary.”

According to local reports, OKEx founder Xu Mingxing was taken away by police, apparently for a talk and for him to cooperate in the investigations.

Evidently the press release sought to calm the crypto exchange’s clients by ensuring that their funds were safe.

Interestingly, however, Whale Alert identified $ 22 million worth of Bitcoin being transferred from Huobi to OKEx shortly after the suspension of withdrawals was announced.

At the moment there is no clear explanation; some assume it could be the result of delayed BTC transactions.

But this did not end here. Whale Alert also identified that, somehow, someone took 3,500 Bitcoin to Binance from OKEx.

Whale alert noted: “We suspect that these are internal transfers from the crypto exchange. We are investigating the matter at this time.

This created a lot of confusion in the crypto market and, of course, uncertainty. The OKEx team found it necessary to clarify that the originating wallet addresses in these transactions do not belong to OKEx.

The news was a heavy blow to Bitcoin which fell 2.5% in a few hours to a daily low of $ 11,223. Currently the crypto is trading at $ 11,300.

Bitcoin to $ 1 million by 2025

The crypto excitement never ends. Raoul Pal, founder and CEO of Real Vision, noted during an interview with Stansberry Research that the crypto leader will reach $ 1 million by 2025.

Pal explained that his prediction is based on a “huge wall of money” going to flow in the direction of Bitcoin in the coming years.

Crypto exchange Coinbase generates more controversy

Today one of the major crypto exchanges in the world, Coinbase, published a report describing how the authorities have requested information about its 38 million clients.

In this sense, the crypto exchange revealed that between January 1 and June 30 of this year, the authorities requested information 1,914 times; 96.6% of these requests related to criminal investigations.

Crypto digital yuan will be tested at gas stations

According to local news outlet Economic Information Daily, eleven petrol stations in Shenzen will accept the digital yuan as part of the tests that are being carried out.

Probably many will have the question: And who has the digital yuan? It turns out that a few days ago, citizens received more than $ 1.5 million in digital currency as part of the pilot.

Crypto mining botnet stalks Windows

As we announced today in CriptoTendencia, a very difficult to detect crypto mining botnet is affecting devices that work with Windows 10.

Apparently, according to research by Cisco’s Talos Intelligence Group, the botnet arrives via email; which once opened, installs and runs.

In a few lines …

  • The Rothschilds, one of the richest and most influential families in the world, invest in the crypto market, specifically in Bitcoin, with Grayscale.
  • Paxful partners with Bithumb Global for Bithumb customers to purchase crypto with Paxful-compatible payment methods.
  • A report from Bloomberg assured that the leading crypto, Bitcoin, will reach $ 100,000 by 2025.

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