Free Money Cash Ways

Cryptocurrency

OKEx Founder Released from Custody and Denies Fraud

OKEx Founder Released from Custody and Denies Fraud 1


OKEx Founder

Yesterday, it was announced that OKEx founder Star Xu had been taken into police custody for fraud allegations. If no substantial evidence was found, Xu would be released from custody in a 24-hour period.

According to local news reports, Xu has been released and isn’t pleased.

OKEx Founder Strikes Back

“I have no fictional facts, concealing the truth and defrauding anything, and there is no fact of ‘fraud.’ After I explained it to the police, I left the police station normally,” Xu told the local news outlet, Honeycomb Finance.

Xu faced problems at his hotel from a group of ‘investors’ allegedly linked to the WFEE Coin. WFEE Coin is the blockchain Wifi sharing project that police are alleging that Qu held shares in.

The alleged illicit activity in WFEE led those affected to seek the local authorities, which caused Xu to be brought in for questioning.

Xu explained the situation to Honeycomb Finance by saying:

“Any citizen who has accused you of fraud, theft, robbery or beating can report the case to the police. The police also have the right to ask you to go to the public security organ to explain the situation. This is normal.”

While this arrest had nothing to do with Xu’s OKEx, local news sources are starting to question the activity in the crypto exchange itself.

OKEx Spotlighted

A local news source recently reported that many investors are now questioning the business tactics behind OKEx. On September 5th, the price of Bitcoin allegedly fell from RMB 50,000 to 43,000 overnight, and the trading platform just happened to have a ‘downtime’ simultaneously.

>> Huobi Global Buys Large Chunk of BitTrade

“The person encountered a sinister situation such as a stagnation, no display of the transaction, no display of the position, no display of the balance of the contract wallet, and was forced to explode,” the local news report read.

There have been several similar instances throughout the year that investors are claiming, and they believe there are artificial malicious operations behind them.

OKEx remains the second-largest cryptocurrency trading platform by its total daily trading volume.

Featured Image: Depositphotos/© shalunx13

If You Liked This Article Click To Share





Source link

Have any Question or Comment?

Leave a Reply

Categories

Arts & Entertainment
Business / Investing
Computers / Internet
Cooking, Food & Wine
E-business & E-marketing
Employment & Jobs
Fiction
Games
Green Products
Health & Fitness
Education
Home & Garden
Languages
Mobile
Parenting & Families
Politics / Current Events
Reference
Self-Help
Software & Services
Spirituality, New Age & Alternative Beliefs
Sports
Travel
Betting Systems
As Seen On TV

Arts & Entertainment


Architecture
Art
Body Art
Dance
Fashion
Film & Television
General
Humor
Magic Tricks
Music
Photography
Radio
Theater

Business / Investing


Careers, Industries & Professions
Commodities
Debt
Derivatives
Economics
Equities & Stocks
Foreign Exchange
General
International Business
Management & Leadership
Marketing & Sales
Outsourcing
Personal Finance
Real Estate
Small Biz / Entrepreneurship

Computers / Internet


Databases
Email Services
General
Graphics
Hardware
Networking
Operating Systems
Programming
Software
System Administration
System Analysis & Design
Web Hosting
Web Site Design

Cooking, Food & Wine


Baking
BBQ
Cooking
Drinks & Beverages
General
Recipes
Regional & Intl.
Special Diet
Special Occasions
Vegetables / Vegetarian
Wine Making

E-business & E-marketing


Affiliate Marketing
Article Marketing
Auctions
Banners
Blog Marketing
Classified Advertising
Consulting
Copywriting
Domains
E-commerce Operations
E-zine Strategies
Email Marketing
General
Market Research
Marketing
Niche Marketing
Paid Surveys
Pay Per Click Advertising
Promotion
SEM & SEO
Social Media Marketing
Submitters
Video Marketing

Employment & Jobs


Cover Letter & Resume Guides
General
Job Listings
Job Search Guides
Job Skills / Training

Fiction


General

Games


Console Guides & Repairs
General
Strategy Guides

Green Products


Alternative Energy
Conservation & Efficiency
General

Health & Fitness


Addiction
Beauty
Dental Health
Diets & Weight Loss
Exercise & Fitness
General
Meditation
Men's Health
Mental Health
Nutrition
Remedies
Sleep and Dreams
Spiritual Health
Strength Training
Women's Health
Yoga
Dietary Supplements

Education


Admissions
Educational Materials
Higher Education
K-12
Student Loans
Test Prep & Study Guides

Home & Garden


Animal Care & Pets
Crafts & Hobbies
Entertaining
Gardening & Horticulture
General
Homebuying
How-to & Home Improvements
Interior Design
Sewing
Weddings

Languages


Arabic
Chinese
English
French
German
Hebrew
Hindi
Italian
Japanese
Other
Russian
Sign Language
Spanish
Thai

Mobile


Apps
Developer Tools
General
Ringtones
Security
Video

Parenting & Families


Divorce
Education
Genealogy
General
Marriage
Parenting
Pregnancy & Childbirth
Special Needs

Politics / Current Events


General

Reference


Automotive
Catalogs & Directories
Consumer Guides
Education
Etiquette
Gay / Lesbian
General
Law & Legal Issues
The Sciences
Writing

Self-Help


Abuse
Dating Guides
Eating Disorders
General
Male Dating Guides
Marriage & Relationships
Motivational / Transformational
Personal Finance
Public Speaking
Self Defense
Self-Esteem
Stress Management
Success
Time Management
Survival

Software & Services


Anti Adware / Spyware
Background Investigations
Communications
Dating
Developer Tools
Digital Photos
Drivers
Education
Email
Foreign Exchange Investing
General
Graphic Design
Hosting
Internet Tools
MP3 & Audio
Networking
Operating Systems
Other Investment Software
Personal Finance
Productivity
Registry Cleaners
Reverse Phone Lookup
Screensavers & Wallpaper
Security
System Optimization
Utilities
Video
Web Design
3D Printing

Subscribe to Blog via Email

Enter your email address to subscribe to this blog and receive notifications of new posts by email.

Join 1,233 other subscribers

X
%d bloggers like this: