|

Breaking: OKEx to resume cryptocurrency withdrawals on November 27

The company published the announcement on the official blog post, stating that all the employees are back at work, and the company is ready to unlock withdrawals on November 27.

The rumors that the cryptocurrency exchange would unlock the withdrawals were leaked earlier today by a Chinese blockchain reporter Collin Wu. The expert said that the trading platform was on track to open cryptocurrency withdrawal, citing comments of OKEx's CEO Jay Hao on Weibo, known as the Chinese Twitter. 

The company confirmed the information by publishing a detailed post on the official website. According to the statement, the company managed to solve the issues. As all responsible employees are back to work, users will be able to withdraw their digital assets starting from November 27. 

Before that, the team plans to perform a security audit to ensure that the hot wallet is functioning correctly. Also, OKEx will launch a global feedback campaign for existing and new customers. The detailed recovery plan will be published in recent days. 

The native token of the exchange, OKB, jumped by nearly 15% on a day-to-day basis to trade at $5.63. 

Author

Tanya Abrosimova

Tanya Abrosimova

Independent Analyst

 

More from Tanya Abrosimova
Share:

Markets move fast. We move first.

Orange Juice Newsletter brings you expert driven insights - not headlines. Every day on your inbox.

By subscribing you agree to our Terms and conditions.

Editor's Picks

Aave Price Forecast: AAVE eyes bullish breakout as on-chain and derivatives data turns supportive

Aave (AAVE) price hovers around $172 on Wednesday, nearing the upper trendline of the falling parallel channel pattern. A break above this technical pattern favors the bulls.

Hyperliquid Price Forecast: HYPE consolidates below 50-day EMA as bullish bias strengthens

Hyperliquid (HYPE) experiences a pullback of over 1% at press time on Wednesday, struggling to extend the breakout rally of a resistance trendline.

Top 3 Price Prediction: Bitcoin, Ethereum, Ripple cool off as rally stalls near key resistance zones

Bitcoin, Ethereum, and Ripple prices are taking a breather on Wednesday near their key resistance levels following the recent surge. BTC faces rejection at the $94,253 level, while ETH and XRP follow BTC’s footsteps, struggling near $3,308 and $2.35, respectively.

Top Crypto Gainers: JasmyCoin rallies as Cosmos and Bittensor retreat

JasmyCoin (JASMY), Cosmos (ATOM), and Bittensor (TAO) are among the top-performing cryptocurrency assets in the last 24 hours.

Orange Juice Newsletter – Smart insights by real people. Every day.

A free newsletter highlighting key market trends to help traders stay a step ahead. Daily insights on the most relevant trading topics, compiled by our experts in an easy-to-read format so you never miss an important move.

Bitcoin: Fed delivers, yet fails to impress BTC traders

Bitcoin (BTC) continues de trade within the recent consolidation phase, hovering around $92,000 at the time of writing on Friday, as investors digest the Federal Reserve’s (Fed) cautious December rate cut and its implications for risk assets.