Major Bitcoin [BTC] transactions from Huobi cryptocurrency exchange are shifting to OKEx despite the latter having temporarily suspended cryptocurrency withdrawals.
In line with a recent analysis by Whale Alert, a total of 1,995 BTC [$22.5 Mln] were sent from Huobi to OKEx shortly after OKEx officially revealed that it had been suspending withdrawals on 16th Oct.
The transfers raise some questions as 1,995 BTC is now locked on the platform due to the platform temporarily blocking cryptocurrency withdrawals. “Dude go the other way,” someone from the cryptocurrency ecosystem commented on Twitter. Others suggested that the difficulty might be a result of delayed BTC transactions.
The transactions from Huobi bring a vital amount of Bitcoin to OKEx’s total BTC balance. Consistent with data from BTC balance-based exchange ranking Chain.info, OKEx now holds a total sum of 276,184 BTC on its cold vault, hot wallets, and deposit wallets. At the reporting time, a sum of 6,269 BTC left OKEx over the past 24 hours.
Earlier today, Chinese media reported that OKEx founder Star Xu was questioned by the police a week ago.