“At present, TRON has helped 16 OKEx users withdraw their TRX, and therefore the TRON Foundation has transferred a complete of 9419739.963519 TRX, worth 247268.174 USD consistent with the CMC price of TRX at the reporting time, to the wallet addresses offered by these users at a 1:1 ratio.”
OKEx had frozen all withdrawals on 16th Oct. amid ongoing investigations by enforcement. Native reporters have alleged that the investigations could also be tied to a crackdown by the Chinese government on money laundering.
In response, the Tron Foundation have given their users the choice to withdraw the TRX the persisted their OKEx accounts on a 1:1 basis. they need to explain that users can transfer their tokens by opening the OKEx app and selecting an “internal transfer” option, which provides the choice to transfer to a delegated Tron-affiliated email account and official cell number.
“We will send the transferred TRX into the TRX mainnet account specified by the user within 12–24 hours. As the withdrawal is going to be operated manually, there could also be a delay in arrival,” the inspiration adds. Verification of this transaction will apparently be undertaken by Tron’s user service.
Tron has said their intention is to guard their users’ assets. the choice appears to figure as a token 1:1 replacement deal, raising questions on whether users’ equivalent TRX held on OKEx is going to be frozen reciprocally further down the road.
In response to Tron Foundation founder Justin Sun’s announcement of the withdrawal process, cryptocurrency community members were divided between those that welcomed the emergency intervention and people who expressed concern that the move was “something a centralized bank would do.”