Giant Bitcoin (BTC) transactions from Huobi cryptocurrency alternate are shifting to OKEx regardless of the latter having quickly suspended crypto withdrawals.

In response to knowledge from crypto monitoring service Whale Alert, a complete of 1,995 BTC ($22.5 million) was despatched from Huobi to OKEx shortly after OKEx formally introduced it was suspending withdrawals on Oct. 16.

The funds had been transferred in two separate BTC transactions value 998 BTC ($11.3 million) and 997 BTC ($11.3 million) at 3:51 a.m. EST and 06:22 a.m. EST, respectively.

The transfers elevate some questions as 1,995 BTC is now locked on the platform as a result of platform quickly blocking crypto withdrawals. “Dude go the alternative manner,” somebody from the crypto group commented on Twitter. Others suggested that the difficulty could possibly be a results of delayed BTC transactions.

The transactions from Huobi convey a big quantity of Bitcoin to OKEx’s complete BTC steadiness. In response to knowledge from BTC balance-based alternate rating Chain.info, OKEx now holds a complete of 276,184 BTC on its chilly vault, scorching wallets, and deposit wallets. At publishing time, a complete of 6,269 BTC left OKEx over the previous 24 hours.

Each day internet influx on OKEx. Supply: Chain.info

Earlier immediately, Chinese language media reported that OKEx founder Star Xu was questioned by the police every week in the past.