OKEx to Deny Hack Rumours

Exchange says there is  problem is exclusively in the displayed balance of the account, while the funds are safe
22 May 2018   1461

The OKEx cryptocurrency exchange has reported on a technical issue, due to which "account balances of a few of our users are not displayed accurately".

According to the company, the problem is exclusively in the displayed balance of the account, while the funds of all users remain in full safety.

Of course, you can rest assured that your funds are safe, secured, and not affected by the recent update. We are currently fixing the issue and have suspended withdrawal service and fiat trading. A further announcement will be made after the services resume.

Please do not worry about any rumors circulating on the internet. We will continue to provide you stable and trusted services as always.
 

OKEx Team

The scale of the problem is still unclear, but OKEx, anticipating the spread of negative news, urged users not to worry because of rumors in the network. Some users had already reported on issue fixing.

SpaceSkittles Twitter
SpaceSkittles Twitter

We will keep our eyes on this situation and will keep our readers updated. 

OKEx Ex-CEO to Intend to Raise $40M

Funds are needed for the new exchange called ACDX, which will offer  futures, options, revocable bear/bullish contracts and more
06 February 2020   558

Andy Cheung, who until recently was the operating director of the OKEx cryptocurrency exchange, will open a new derivative trading platform ACDX by the end of the first quarter, CoinDesk reports. The exchange will offer its clients futures, options, revocable bear / bullish contracts, debt contracts and fixed coupon notes.

One of our main goals for the exchange is to provide retail investors with ... structured products that are more commonly used by accredited crypto investors and wealth managers.

 

Andy Cheung

Former chief operating officer at OKEx

In the future, ACDX plans to reach a global level, but first of all it will gather a client base in Asia, using the connections of Cheung and partners in Hong Kong and China. In preparation for the launch, she intends to raise $ 40 million through the sale of tokens and shares in her business to crypto funds, private investment firms and family capital management companies in Europe and Asia. 

We have over $4 million so far and most of the money comes from our own funds. We are in talks with potential investors and likely to announce new investments in the next two months.

 

Andy Cheung

Former chief operating officer at OKEx

To date, ACDX has hired more than 25 employees, including eight developers who are preparing the trading platform for launch.