Post
Topic
Board Exchanges
Re: Warning about OKX exchange: Funds held hostage, withdrawals disabled without not
by
hugeblack
on 24/03/2023, 08:37:47 UTC
My mind tells me that they are in a hurry due to certain regulatory pressures even if they have to risk losing some users, the threat may be strong enough to end the service. Idk


1. https://t.me/okxofficial_english/1/4905143
Unfortunately, this is the way by which KYC applied in Binance. Since this announcement and about 6 months later, KYC (l3) was mandatory for everyone, so I believe that this platform is moving in the same direction.

Probably I may be moving fully to Kucoin, I just do not know. From Binance to OKX, now from OKX to Kucoin, the more the KYC regulation.
Kucoin has some legal issues that may lead them to enforce identity verification[1].


[1] New York Attorney General Sues KuCoin