Just recently, after the exchange paused cryptocurrency withdrawals, the trading platform Okex finally enabled digital currency withdrawals last Wednesday. Since then, the exchange seems to be experiencing an exodus of funds leaving, as onchain data shows Okex’s crypto-asset reserves like bitcoin, ethereum and tether have depleted considerably during the last ten days.

Over the years a number of exchanges have had issues and have worried customers by stopping deposits and withdrawals for a period of time. Okex joined the list of exchanges that have halted withdrawals, as the cryptocurrency trading platform with more than 490 crypto trading pairs paused withdrawals on October 16, 2020.

“One of our private key holders is currently cooperating with a public security bureau in investigations where required,” Okex said at the time.

Trading Exchange Okex's Crypto Reserves Nosedived After Withdrawals Opened
The amount of BTC held in Okex wallets, according to Cryptoquant data on December 5, 2020.

While customers waited and complained on social media and crypto-related forums,…

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Source: https://news.bitcoin.com/okexs-crypto-reserves-nosedived-after-withdrawals-opened/