OKEx Crypto Exchange Calms Investors Down Regarding Recent Massive BTC Transfers to Unknown Wallet

Libra Coin News
Wed, 09/04/2019 - 10:51
Yuri Molchan
Following the recent huge Bitcoin transfers from the OKEx exchange, the CEO calms the community down but the comments show users are in doubt suspecting a hack
Cover image via 123rf.com
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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.

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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. 

Image by Twitter

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.

About the author

Yuri is a journalist interested in technology and technical innovations. He has been in crypto since 2017. Believes that blockchain and cryptocurrencies have a potential to transform the world in the future. ‘Hodls’ cryptocurrencies. Has written for several crypto media. Currently is a news writer at U.Today.