BTC and OKB plunge after OKEx suspends withdrawals
Major crypto asset exchange OKEx has suspended cryptocurrency withdrawals, announcing that one of the holders of its private keys is “currently cooperating with a public security bureau” concerning ongoing “investigations.” The exchange noted that it has been “out of touch” with the key-holder, preventing the “associated authorization” from being completed. OKEx plans to resume digital asset withdrawals “immediately” once the key-holder “is able to authorize the transaction.”
Citing its terms of service, OKEx said it had decided to suspend withdrawals but added that the security of its customers’ assets “will not be affected” by the events. Bitcoin (BTC) has fallen nearly 3% in response to the news, while OKEx’s native token OKB has crashed 15%. Hours before the announcement, on-chain transaction monitoring service Whale Alert noted several large transfers between OKEx and unknown wallets.
Outgoing transfers of 1,180 BTC worth $13.6 million, 50 million Tron (TRX) worth $1.3 million, and 21,000 Ether (ETH) were made over six hours, alongside an incoming transaction of roughly $13.9 million in Tether (USDT). The transfers occurred during a similar time period to transfers of coins from the Bitfinex hack according to Whale Alert’s feed, however this may simply be a coincidence given the large numbers of transactions that occur every day.
Beijing based reporter Colin Wu, who writes at WeChat public account @wublockchain suggested the OKEx investigation may be related to money laundering. “The Chinese government is cracking down on money laundering using cryptocurrency for telecom fraud, and centralized exchanges are in a very dangerous state.” Wu’s information is unverified at this early stage. The OKEx situation occurs after a 48 hour period that saw at least 33 arrests resulting from separate law enforcement operations targeting global money laundering operations in North America, Oceania, and Europe.
Top Cryptocurrencies with Price Predictions
| # | Crypto | Prediction | Accuracy | CVIX | Price | 24h | 7d | Market Cap | 7d price change | |
| 1 |  BTC |
Bitcoin predictions | 80.8% | 27 | $63 967.05 | 0.51% | -7.09% | $1 259 329 258 594 |  |
|
|---|---|---|---|---|---|---|---|---|---|---|
| 2 |  ETH |
Ethereum predictions | 75.2% | 40 | $3 065.38 | -0.03% | -10.54% | $368 070 378 827 |  |
|
| 3 |  USDT |
Tether predictions | 92.4% | 1 | $1.000569 | 0.02% | 0.12% | $109 531 822 507 |  |
|
| 4 |  BNB |
Binance Coin predictions | 87.2% | 22 | $560.39 | 1.65% | -8.44% | $83 796 500 753 |  |
|
| 5 |  SOL |
Solana predictions | 76.8% | 48 | $146.49 | 5.09% | -12.39% | $65 453 698 269 |  |
|
| 6 |  USDC |
USD Coin predictions | 90.8% | 2 | $0.999955 | -0.01% | 0% | $33 210 929 013 |  |
|
| 7 |  XRP |
XRP predictions | 76% | 52 | $0.501493 | 0.15% | -15.53% | $27 646 875 112 |  |
|
| 8 |  TON |
Toncoin predictions | 70.8% | 61 | $6.33 | 1.44% | -8.58% | $21 989 418 778 |  |
|
| 9 |  DOGE |
Dogecoin predictions | 71.6% | 60 | $0.152428 | 1.85% | -21.30% | $21 942 274 571 |  |
|
| 10 |  ADA |
Cardano predictions | 73.6% | 56 | $0.470436 | 3.62% | -15.96% | $16 759 109 871 |  |
|
| 11 |  SHIB |
SHIBA INU predictions | 58.4% | 85 | $0.000023 | 0.41% | -14.68% | $13 459 692 745 |  |
|
| 12 |  AVAX |
Avalanche predictions | 69.6% | 63 | $35.29 | 1.53% | -19.54% | $13 337 848 652 |  |
|
| 13 |  STETH |
Lido stETH predictions | 90.8% | 1 | $2 941.39 | -0.40% | -3.32% | $10 258 752 564 |  |
|
| 14 |  WBTC |
Wrapped Bitcoin predictions | 79.2% | 30 | $64 126.50 | 0.92% | -6.94% | $9 964 215 691 |  |
|
| 15 |  DOT |
Polkadot predictions | 73.2% | 52 | $6.78 | 0.57% | -16.07% | $9 732 469 690 |  |
