Crypto exchange OKEx has announced to reopen its crypto withdrawal service starting from November 27. The temporary restriction comes after Xu Mingxing, founder of OKEx, was arrested by the Chinese police.
The absence of exchange’s withdrawal services amid legal investigation was the foremost concern for the crypto community in China. As of now, the giant cryptocurrency exchange is planning to resume its all crypto services.
While passing an official statement OKEx said, “presently, one of OKEx’s private key holders has completed assisting the authorities in a previously referenced investigation,” adding that the exchange “will, therefore [reopen] unrestricted withdrawals by November 27, 2020.”
OKEx Intends to Launch Loyalty Reward Campaigns
The Chinese crypto community went through an agitated time in the past few weeks, BTC.TOP and B.TOP overseas marketing director Ding Han said these events “caused panic among Chinese crypto enthusiasts.”
However, the exchange told that a decision to pause cryptos withdrawals was taken to act in the best interests of users. “We will also be launching significant user loyalty reward campaigns to express our deep apologies and most sincere gratitude to our community,” the OKEx team said.