Huobi Guarantees Normal Operations During OKEx’s Suspension of Crypto Withdrawals

The Huobi cryptocurrency exchange assured users its trading platform is “currently operating normally” after one of its biggest competitors, OKEx, announced it suspended all cryptocurrency withdrawals indefinitely. “Huobi’s cold wallet uses multi-signature and threshold signature technology to ensure the security of the private key signature process,” Ciara Sun, vice president of Huobi Global Markets, told […]

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First Mover: OKEx Private Key Snafu Sends Bitcoin Lower as China DeFi Rises

Bitcoin (BTC) fell 2% Friday, the most in three weeks, after the market was spooked by the announcement that the cryptocurrency exchange OKEx had suspended withdrawals because founder Mingxing “Star” Xu was reportedly taken into police custody.  The executive is the holder of a private key needed to authorize withdrawals, and that became impossible since he was out of […]

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