| Founded | 2013 |
|---|---|
| Closed | 2020 |
| Country | Malta |
| Sector | Crypto |
| Collapse type | Regulatory Kill |
| Founder | Star Xu (Xu Mingxing) |
OKEx Withdrawal Crisis
"OKEx froze $5B in user funds for 5 weeks because a single private key holder was detained by Chinese police."
Forced closure by regulatory action
Key Events Timeline
OKEx, registered in Malta, froze all cryptocurrency withdrawals in October 2020 for five weeks after a key private key holder — allegedly a major stakeholder — was detained by Chinese police for investigation.
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