The bitcoin exchange OKEx has suspended cryptocurrency withdrawals on the platform after its Chinese founder was taken away by police.
OKEx founder Xu Mingxing was taken at least a week ago and hasn't appeared in a work-related social media group recently, according to a person close to the company. It's not clear what the investigation is about. There have been signs of a renewed crackdown on money-laundering activities on over-the-counter (OTC) trading platforms of cryptocurrencies.
