OKEx has just received a large amount of Bitcoin despite the exchange has frozen the withdrawal service, what's going on?

Giant OKEx announced the freezing of all withdrawals, meaning that all the money flowing into the exchange would be stuck there until further notice.

However, even so, someone decided to transfer over $ 22 million worth of Bitcoin directly from the exchange Huobi to OKEx. The crypto exchange revealed that one of the exchange's private key holders is currently under investigation by the Chinese security agency.

Immediately after the exchange froze the withdrawal service, an anonymous user transferred a total of 1.995 BTC worth $ 22.5 million from Huobi to OKEx in two separate transactions. This transfer has been reported by Whale Alert.

One transaction is worth 998 BTC and the other is worth 997 BTC. Both transactions are worth around $ 11,3 million. The first transaction takes place at 3:51 am (EST), while the second transaction takes place three hours later. After the transfer, OKEx currently holds a total of 276.184 BTC in its wallet, according to data from Chain.info.

OKEx's sudden stop of withdrawals created a wave of protest in the crypto community. But interestingly, a large amount of BTC, ETH, and TRON were withdrawn from wallets linked to OKEx before the exchange halted withdrawals, Whale Alert revealed.

The crypto exchange notes that they will reopen their withdrawal service as soon as the holder of the relevant private key authorizes the transaction. OKEx ensures that their other services remain uninterrupted and that customers' assets remain safe.

From OKEx's announcement:

Subject to section 8.1 of the Service Change and Disruption to Terms of Service policy, OKEx may change the Service or may also interrupt, suspend, or terminate the Service at any time with or without information. forewarned.

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