Quote from: figmentofmyass on September 05, 2019, 07:25:46 PM

Quote from: Mantas_IUNGO on September 05, 2019, 07:10:23 PM

What is your view about the 24,000 BTC moved from the OKEx crypto exchange? Is it merely a scheduled maintenance as the trading platform claims or is it a hack?

this is why CZ preemptively announces large fund movements right before they occur---to prevent unfounded speculation about hacks. it's probably just a planned wallet migration as the CEO suggested but it does smell a tad fishy. 24k BTC and 100k ETH were moved........they were performing ETH wallet maintenance too?

withdrawals are still functioning normally, right?

Most of the time these companies store the majority of user funds in an offline cold wallet, such as a Trezor or Ledger Nano S.

There is no reason not to think that they didn't store both BTC, ETH and possibly other cryptocurrencies on the same device, and the move is simply them transitioning to a more secure implementation of their cold storage protocol.

Well, unlessit announces it got hacked. Though this is unlikely as the recipient address would probably be a known exchange or mixer addy.