On September 4, the CEO of the OKEx crypto exchange, Jay Hao, responded to a tweet regarding the recent gargantuan transfers of Bitcoin from the platform to an unknown wallet.
The transactions were made public by the Whale Alert Twitter account which tracks financial transfers on the blockchain. Seeing the amounts transferred (slightly under 9,000 BTC), the community became worried as to what is going on with OKEx.
An ‘unannounced wallet maintenance’
The three transactions noticed by Whale Alert contained 3,000 BTC each, together totalling slightly over $95 mln took place in late August.
Explaining the situation, the CEO of OKEx stated that there is no need to worry, since this is a ‘scheduled wallet maintenance’.
However, the comments in the thread say that people are in doubt. Some enquire that if this is a wallet maintenance then why was it never announced.
Has OKEx been hacked?
Other options in the comment thread suggest OKEx has faced a hack and is losing customers’ money.
A Twitter user @_altrich_, whose bio section calls him the ‘Meme Master of OKEx’, insists that funds are ok and warns people to stop spreading FUD.