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 | 56.8% | 93 | $19 241.67 | -5.61% | -9.67% | $367 181 795 784 |  |
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|---|---|---|---|---|---|---|---|---|---|---|
| 2 |  ETH |
Ethereum predictions | 58.4% | 92 | $1 059.15 | -3.18% | -13.28% | $128 553 316 172 |  |
|
| 3 |  USDT |
Tether predictions | 93.2% | 1 | $0.998955 | 0% | -0.04% | $66 163 024 576 |  |
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| 4 |  USDC |
USD Coin predictions | 93.2% | 1 | $1.000391 | -0.02% | 0.04% | $55 824 445 752 |  |
|
| 5 |  BNB |
Binance Coin predictions | 60.8% | 83 | $215.34 | -4.45% | -10.63% | $35 160 747 810 |  |
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| 6 |  BUSD |
Binance USD predictions | 91.6% | 1 | $1.000088 | 0.10% | 0.04% | $17 548 760 052 |  |
|
| 7 |  ADA |
Cardano predictions | 61.6% | 77 | $0.450635 | -3.60% | -10.37% | $15 210 103 811 |  |
|
| 8 |  XRP |
XRP predictions | 66.4% | 69 | $0.312867 | -5.44% | -15.56% | $15 124 962 063 |  |
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| 9 |  SOL |
Solana predictions | 66% | 76 | $32.75 | -6.27% | -22.31% | $11 242 411 042 |  |
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| 10 |  DOGE |
Dogecoin predictions | 65.6% | 71 | $0.067391 | -0.30% | -0.20% | $8 940 786 353 |  |
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| 11 |  DAI |
Dai predictions | 93.6% | 1 | $0.999784 | -0.09% | -0.03% | $6 859 368 442 |  |
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| 12 |  DOT |
Polkadot predictions | 68.4% | 67 | $6.72 | -5.60% | -18.62% | $6 637 336 409 |  |
|
| 13 |  TRX |
TRON predictions | 58.8% | 88 | $0.065207 | -0.60% | -1.36% | $6 030 956 222 |  |
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| 14 |  LEO |
UNUS SED LEO predictions | 69.6% | 60 | $5.77 | -0.04% | -1.82% | $5 499 921 297 |  |
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| 15 |  SHIB |
SHIBA INU predictions | 66.8% | 66 | $0.000010 | -3.90% | -8.85% | $5 489 974 219 |  |
