A week ago, Star Xu, the person who founded OKEx (a cryptocurrency exchange), faced police interrogation. This was after OKEx announced, that it will suspend any activities, including withdrawal of money (cryptocurrencies). According to a report from the Chinese news agency, Caixin, Mingxing Xu (Star Xu), did not resume his work after the interrogation.
OKEx authorities clarified that they have canceled any affiliation with the OK group (Xu’s organization). They don’t have any news about Xu’s whereabouts and will coordinate with the police accordingly.
They also stated that the funds are safe, so, people don’t have to worry about it. When asked about the suspension, OKEx CEO Jay Hao mentioned, that this step was necessary to protect consumers’ interests. The activity will soon resume, he further exclaimed.