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

Yuri Molchan
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
OKEx Founder Xu Xing Arrested Over Charges of Fraud, Still Not Released
Cover image via U.Today

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 is a journalist interested in technology and technical innovations. He has been in crypto since 2017. Believes that blockchain and cryptocurrencies have a potential to transform the world in the future. ‘Hodls’ cryptocurrencies. Has written for several crypto media. Currently is a news writer at U.Today, can be contacted at yuri.molchan@u.today.