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    Marketcap : $8,633,986,548.00
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    Marketcap : $6,386,723,776.00
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    Home News Bitcoin News

    On-Chain Data Finds OKEx Holds $2.3 Billion Worth of Bitcoin

    Andy K by Andy K
    October 17, 2020
    in Bitcoin News
    Reading Time: 2 mins read
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    On-Chain Data Finds OKEx Holds $2.3 Billion Worth of Bitcoin
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    According to the researchers at Glassnode, OKEx holds $2.3 billion worth of Bitcoin. The report comes after the exchange temporarily suspended withdrawals on October 16.

    In a public statement, OKEx said that one of the persons holding a private key to the exchange’s wallet is cooperating with investigators. The statement reads:

    “One of our private key holders is currently cooperating with a public security bureau in investigations where required.  We have been out of touch with the concerned private key holder.  As such, the associated authorization could not be completed… We assure that OKEx’s other functions remain normal and stable and the security of your assets at OKEx will not affected.”

    Since exchanges use a cold wallet to process transactions, that means OKEx cannot process withdrawals without the private key holder.


    14 BTC & 95,000 Free Spins for every player, only in mBitcasino’s Exotic Crypto Paradise! Play Now!

    The unexpected news rattled the Bitcoin market, mostly due to the size of OKEx as an exchange. It has remained one of the top exchanges in the global market, in both futures and spot.

    bitcoin pricebitcoin price

    The 15-minute price chart of Bitcoin. Source: XBTUSDT on TradingView.com

    Does OKEx’s Massive Bitcoin Reserves Change the Dynamic?

    The large Bitcoin reserve of OKEx has

    Read More From Original Source

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    Andy K

    Andy K

    Andy is a former Forex Trader who got involved in the crypto industry early January 2013. Since then Andy has been writing about cryptocurrencies and blockchain technology within various online crypto news publications. He is also one of the main contributors to Cryptotelegraph.com

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