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$22M in Bitcoin moves from Huobi to OKEx despite withdrawal freeze

$22M in Bitcoin moves from Huobi to OKEx despite withdrawal freeze

Massive Bitcoin (BTC) transactions from Huobi cryptocurrency alternate are transferring to OKEx regardless of the latter having briefly suspended crypto withdrawals.

In keeping with information from crypto monitoring service Whale Alert, a complete of 1,995 BTC ($22.5 million) was despatched from Huobi to OKEx shortly after OKEx formally introduced it was suspending withdrawals on Oct. 16.

The funds had been transferred in two separate BTC transactions value 998 BTC ($11.Three million) and 997 BTC ($11.Three million) at 3:51 a.m. EST and 06:22 a.m. EST, respectively.

The transfers increase some questions as 1,995 BTC is now locked on the platform as a result of platform briefly blocking crypto withdrawals. “Dude go the other method,” somebody from the crypto group commented on Twitter. Others prompt that the problem may very well be a results of delayed BTC transactions.

The transactions from Huobi deliver a major quantity of Bitcoin to OKEx’s whole BTC steadiness. In keeping with information from BTC balance-based alternate rating Chain.information, OKEx now holds a complete of 276,184 BTC on its chilly vault, sizzling wallets, and deposit wallets. At publishing time, a complete of 6,269 BTC left OKEx over the previous 24 hours.

Each day internet influx on OKEx. Supply: Chain.information

Earlier as we speak, Chinese language media reported that OKEx founder Star Xu was questioned by the police per week in the past.

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