The founding father of main world cryptocurrency change OKEx has been reportedly questioned by authorities earlier to OKEx suspending cryptocurrency withdrawals.

OKEx founder Mingxing Xu, also called Star Xu, has reportedly been questioned by the police, Chinese language information company Caixin reported at this time. In accordance with the report, the manager was investigated “not less than every week in the past” and has additionally been absent from work for a while.

When approached for touch upon Xu’s participation in a police inquiry, OKEx informed Cointelegraph that the change is not affiliated with OK Group, the place Xu is a senior govt, and subsequently was not able to touch upon his actions. 

The information comes shortly after OKEx suspended withdrawals of crypto property on its platform at this time. In accordance with the change, OKEx’s personal key holders are cooperating with a public safety bureau in an ongoing investigation. The change informed Cointelegraph:

“We’re unable to reveal the character of an ongoing investigation however want to guarantee all OKEx customers that their funds are protected and that each one different features on OKEx are unaffected.”

OKEx CEO Jay Hao mentioned that the choice to briefly droop withdrawals was taken “with consumer safety in thoughts,” stating: 

“As a world-leading change, consumer safety shouldn’t be one thing that OKEx can or will ever compromise on. We’ll do all the pieces in our energy to reinstate this service promptly and can present updates on the matter as quickly as attainable.”