Chinese Bicoin Exchange OKEx Denies Hack, Blames $3 Million Theft on User Behavior

 Chinese bitcoin exchange OKEx denied  allegations that it was hacked and blamed recent thefts on users who did  not properly secure their accounts. 

As reported in regional media outlets,  roughly 10 customers of OKEx and OKCoin — both owned and operated by  the same company — allege that more than 600 BTC (worth close to $3  million at the time of the theft) — was stolen from their collective  accounts in late August. One of those users claims to have lost more  than 200 BTC, and several say that their accounts were accessed from  German IP addresses. According to at least one report, the local police are refusing to investigate the incident because bitcoin trading has been banned  within the country as part of the country’s crackdown on initial coin  offerings, although a few exchanges continue to operate temporarily with  the consent of the government. The alleged incidents occurred more  than a month ago, but the Chinese bitcoin exchange is just now publicly  commenting on the matter. Lennix Lai, financial market director for OKEx  and OKCoin, tweeted that OKEx was not hacked and that “all client  assets are safe and sound.”