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OKex to Resume Withdrawal, Yet the Users still remain Doubtful, Losing Confidence


    Okex exchange to resume unlimited withdrawal by 27 November 2020.

    The exchange would conduct rigorous security checks before the restart.

    The users seem to have lost their confidence, opt to exit the platform as withdrawal resumes.

Okex Not Involved in any illegal Activities

Okex exchange had suspended the withdrawals on October 15, 2020, as one of the private key holders was under police custody. Yet the CEO of Okex exchange had assured the security of funds. 


In a recent update, the Okex has put up an official announcement that the withdrawals would restart before 27 November 2020. Additionally, the exchange would also launch some loyalty program in order to express their deep apologies and most sincere gratitude to the community.

The announcement also mentioned that it was confirmed through the investigation that the exchange is not involved in any illegal activities and further said,

“The private key holder has now returned to his normal business functions,” 

Also, a strict security measure would be conducted prior to resumption of services. The CEO of Okex Jay Hao said the user funds would remain safe,

The Okex Community is still doubtful

As the rounds of the possible official update on the withdrawals circulated, the native token OKB surged nearly 20 percent getting very close to its ATH. Also, the holders experience a sigh of relief by making out from the deep well of uncertainty.

But among them were some holders who seem to have lost faith on the exchange. In fact, some users demanded 5% of the funds kept on the platform as compensation to regain the lost confidence. Moreover some people also said that they would leave Okex platform as the withdrawal resumes.

Therefore, uncertainty is still being surrounding the platform as the users appear to have lost faith in the exchange. However, the people might regain the lost faith and confidence over time as the officials also have not found any illegal activities or wrongdoings.

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Disclaimer : The opinion expressed here is not investment advice – it is provided for informational purposes only. It does not necessarily reflect the opinion of Coinpedia. Every investment and trading involves risk, so you should always perform your own research prior to making decisions. We do not recommend investing money you cannot afford to lose.

Qadir AK

Qadir Ak is the founder of Coinpedia. He has over a decade of experience writing about technology and has been covering the blockchain and cryptocurrency space since 2010. He has also interviewed a few prominent experts within the cryptocurrency space.

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