According to information on May 29, cryptocurrency exchange BKEX has suspended withdrawals because funds on its platform were used for money laundering. statement.
BKEX said user funds are involved in money laundering, adding that it is cooperating with law enforcement agencies to collect evidence.
For this reason, the exchange has suspended withdrawals during the non-disclosure period. He further added:
“The BKEX team will fully cooperate with the regulatory authorities’ investigations and do our best to restore normal operations of the exchange. We will work together to solve the problems we are currently facing.”
The exchange continued to say it would maintain a transparent and timely communication process during the investigation, and urged users to contact customer service if they have any other issues.
Questions from BKEX users
Meanwhile, BKEX’s actions have drawn criticism from several users. questioned Why are exchanges suspending everyone’s withdrawals because of the actions of a few?another user wondered On the financial health of the platform amid the recent struggles of competing centralized exchanges.
However, the BKEX Angel assured users that the platform would resume service soon, advised They should be patient.
As of this writing, BKEX has yet to respond. of crypto slate Request for comments.
Centralized exchanges have come under increased scrutiny following the FTX bankruptcy last year. Hotbit shut down his service on May 22, citing poor operating conditions.
BKEX was founded in 2018 and is registered in the British Virgin Islands. data According to data from CoinMarketCap, the trading volume in the last 24 hours was $434.15 million.
The article first appeared on CryptoSlate after BKEX froze withdrawals amid a money laundering investigation.
