The Hong Kong police arrested two executives of the OKEx exchange; both were released on bail on the condition that they would give the secret keys to the police.
The exchange can’t give an exact timeframe for customer withdrawals, as police check customer wallets for crypto transactions in the PRC.
This is the main reason for Star Xi’s arrest.
Some exchangers were holding their customers’ funds on this particular exchange. And now, they cannot fulfill their obligations due to the situation. We want to remind you that MINE.exchange keeps funds strictly on their decentralized accounts, so our customers can not worry about the safety of their money.
News source: @Pro_Blockchain