Quote from: oriolpont on November 19, 2020, 04:04:12 PM

They announced they reopen: https://www.okex.com/support/hc/en-us/articles/360052758931-OKEx-Official-Announcement-Reopen-of-withdrawals-and-other-related-updates

It's still quite vague, but it seems to confirm that the issue was the arrest of Star Xu. Their description of the key backup is quite worrisome, still:

Quote

The reason for the suspension of withdrawals in this specific incident was because a private key holder was not able to authorize transactions. OKEx has always used a backup mechanism for private key holders to ensure that each private key holder can trigger the activation of the backup private key in the event of long-term incapacitation, such as death or memory loss.

However, we unfortunately failed to include other specific scenarios, such as private key holders becoming unreachable due to unforeseen circumstances in our contingency plan. In this specific incident, therefore, the ultimate resolution for the private key holder’s short-term incapacitation was not a technical one.

the coins are supposedly retrievable if star xu has memory loss, but not if he's locked up by the police? something doesn't add up. Roll Eyes

it's the same as it ever was. ~4 years ago when CZ left okcoin, he said star xu was the sole holder of all private keys. obviously, nothing has changed during that time.

we can't say for sure until withdrawals are actually live again, but this is beginning to shape up as i expected. i'll be interested to see the effects this has on okex's reputation and exchange ranking, although it's always tough to tell exactly with all the volume faking they do.