OKEx Founder Xu Xing Arrested Over Charges of Fraud, Still Not Released

Xu Xing was busted last week in China, accused of conducting fraud with crypto. OKEx can be called the second biggest platform in the world considering its trading volume

Tue, 18/09/2018 - 13:39

OKEx Founder Xu Xing Arrested Over Charges of Fraud, Still Not Released

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Xu Xing was busted last week in China, accused of conducting fraud with crypto. OKEx can be called the second biggest platform in the world considering its trading volume

China’s position regarding crypto and ICO is a tough one. On Tuesday, the Central Bank of China issued a publication, warning investors, again, of heavy risks related to digital coins and purchasing them for future profits. All ICOs are prohibited, as are any public activities to promote them.

About the author

Yuri Molchan

Yuri is interested in technology and technical innovations. He has been writing about DLT and crypto since 2017. Believes that blockchain and cryptocurrencies have a potential to transform the world in the future in many of its aspects. He has written for multiple crypto media outlets. His articles have been quoted by such crypto influencers as Tyler Winklevoss, John McAfee, CZ Binance, Max Keiser, etc.