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OKB Token Price Rises Over 10% on News of OKEx Exchange Founder’s Release
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OKB Token Price Rises Over 10% on News of OKEx Exchange Founder’s Release

Circulating rumors of OKEx exchange founder Mingxing “Star” Xu’s release from the custody of Chinese authorities has seen the OKB token surge over 10% today.

OKEx Founder Troubles Not Linked to Yuan Money Laundering in China, Says Blockchain Journalist
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OKEx Founder Troubles Not Linked to Yuan Money Laundering in China, Says Blockchain Journalist

Colin Wu, a Chinese blockchain journalist thinks it is unlikely Mingxing Xu, the founder of OKEx crypto exchange has anything to do with a Yuan money-laundering scheme.

OKG Holdings Says OKEx Founder Investigation Won't Impact Business, OKB Price Plunges Further
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OKG Holdings Says OKEx Founder Investigation Won't Impact Business, OKB Price Plunges Further

OKG Technology Holdings Limited has announced that operations won't be affected, despite the PRC investigation into controlling shareholder and OKEx Founder Star Xu.

OKEx Founder Star Xu Arrested After Crypto Exchange Suspends Withdrawals
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OKEx Founder Star Xu Arrested After Crypto Exchange Suspends Withdrawals

Following the sudden suspension of OKEx's withdrawal services, it has been reported that the exchange's founder Star Xu has been taken into police custody.

OKEX Suspends Withdrawals Causing a Bitcoin and OKB Token Price Plunge
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OKEX Suspends Withdrawals Causing a Bitcoin and OKB Token Price Plunge

OKEx has caused a mild selling panic in the crypto markets after suspending withdrawal services to cooperate with an investigation with the BTC price plunging nearly 3%.

Director of FinCEN Affirms That Cryptocurrency Industry Is in Line With Agency Regulations
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Director of FinCEN Affirms That Cryptocurrency Industry Is in Line With Agency Regulations

The director of FinCEN (Financial Crimes Enforcement Network) Kenneth. A Blanco believes that the cryptocurrency industry is starting to fall in place with the agency’s regulations on money transmission services.

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