OKEx froze withdrawals. The connection between the price of Bitcoin and Google searches?Saturday. Digest!
Today the world is celebrating the cell phone's birthday. You can hardly find a person who can imagine his day without a cell phone nowadays. And you know what? Soon the same thing will apply to cryptocurrencies. Just wait. So let's get straight to business and check out the latest crypto news!
OKEx has stopped.
But promised to come back 🆗
According to OKEx, the exchange representatives, one of the multisig private key bearers, is cooperating with law enforcement agencies that have demanded to close the withdrawal of funds.
A short-term panic took place in the Chinese social media after this statement, and the BTC price fell slightly.
UPD: the users' funds are not affected in any way; the exchange team is working to resolve the situation as soon as possible.
About 200,000 BTC (1.1% of all BTCs) are stored on OKEx wallets.
It's approximately $2.3 billion at the current exchange rate.
Before the suspension of cryptocurrencies withdrawal from OKEx, there was a massive outflow of BTC from the exchange.
According to @glassnode, a total of 10,000 BTCs (~113 million dollars) have been withdrawn in the last 48 hours in two large batches, which is the largest withdrawal in the last six months.
So what?
Also, the founder, Star Xu, was arrested. It's not his first time, but the situation is interesting: McAfee, OKEx, and Bitmex CEO were caught by accident or...?
It's not clear why the OKEx withdrawing began before the news about the arrest. We won't go into conspiracy theories, but the deal looks suspicious.
Google and Bitcoin
Together Forever 💜
Correlation between Bitcoin price and Google searches. 👆
So what?
Well, ladies and gentlemen, we wish you a wonderful weekend 😜 See you Monday!
Meme of the day
