Renowned cryptocurrency exchange OKEx has reopened withdrawals after 5-weeks after an abrupt suspension.
Within an official web-blog post today on Thursday, the exchange revealed that it is removing the freeze at 08:00 UTC and pointed users to a compensation and loyalty program in an effort to appease disgruntled users.
As reported earlier this week, OKEx had been preparing its platform functionality before the reopening by testing its withdrawal system, as 0.02 BTC was removed from an OKEx wallet.
Earlier on 16th Oct., OKEx had been forced to suspend all account withdrawals when an anonymous holder of the keys to the cryptocurrency assets was detained by police to apparently assist an investigation.
A report within the Chinese newspaper Caixin revealed that the key holder was the founder of OKCoin and CEO of OK Group Mingxing “Star” Xu, supported sources “close” to the firm.
Moreover, OKEx representatives have denied any links between the 2 when further inquired.