financemagnates.com
Cryptocurrency exchange BKEX has frozen customer withdrawal on its platform to cooperate with police investigation into alleged money laundering by some of its users. The exchange on Monday said it decided to halt withdrawal in order to aid authorities in collecting evidence.
“The team will actively work with the relevant authorities to resolve the current issues faced to ensure that the rights of our users are protected to the greatest extent possible,” BKEX said in a statement on its blog.
#BKEX Announcement on Suspension of Withdrawals
— BKEX (@BKEXGlobal) May 29, 2023
- Details: https://t.co/gDh6Z3bg9apic.twitter.com/EMTEuU2DDO
The exchange assured that it will “do its best to restore the normal operation of the exchange.” BKEX through the platform offers crypto, derivatives and margin trading features to users.
According to CoinMarketCap, BKEX was founded in June 2018 and boasts of over 8 million users from more than 100 countries in Asia, Europe and Latin America, among others.