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


Huge Bitcoin (BTC) transactions from Huobi cryptocurrency commerce are shifting to OKEx whatever the latter having briefly suspended crypto withdrawals.

Based mostly on data from crypto monitoring service Whale Alert, a whole of 1,995 BTC ($22.5 million) was despatched from Huobi to OKEx shortly after OKEx formally launched it was suspending withdrawals on Oct. 16.

The funds had been transferred in two separate BTC transactions value 998 BTC ($11.3 million) and 997 BTC ($11.3 million) at 3:51 a.m. EST and 06:22 a.m. EST, respectively.

The transfers enhance some questions as 1,995 BTC is now locked on the platform on account of platform briefly blocking crypto withdrawals. “Dude go the choice means,” someone from the crypto neighborhood commented on Twitter. Others suggested that the issue could very effectively be a outcomes of delayed BTC transactions.

The transactions from Huobi convey a serious amount of Bitcoin to OKEx’s full BTC stability. Based mostly on data from BTC balance-based commerce ranking Chain.info, OKEx now holds a whole of 276,184 BTC on its chilly vault, scorching wallets, and deposit wallets. At publishing time, a whole of 6,269 BTC left OKEx over the earlier 24 hours.

Every day internet inflow on OKEx. Provide: Chain.info

Earlier at current, Chinese language language media reported that OKEx founder Star Xu was questioned by the police each week up to now.

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