About a week ago, it was reported that two of China’s ‘three exchanges’, Huobi and OKCoin, have reportedly dipped into 1 billion yuan ($150 million) of idle users’ funds to invest into risky, high-yielding financial products.
Now, OKCoin, an exchange platform occupying the sixth position in the list of all digital currency exchanges on coinhills.com, dismisses such claims.
Recently there have been rumors and false allegations regarding OKCoin, and its affiliates, in their use of idle client funds. We would like to assure all parties, and especially our customers, that we have a strict policy of placing idle client funds into bank-backed low risk products for safe-keeping.
The company continues arguing that they consider the safety and integrity of the client funds as their "most important responsibility". Thus, OKCoin refutes any claims to the contrary as false.
It's also noteworthy, that at the time of writing, Huobi has not issued an official statement about the allegations of diversion of customer funds.