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Malta-based cryptocurrency exchange OKEx has reopened withdrawals five weeks after a sudden suspension.
In a short blog post Thursday, the exchange announced it would lift the freeze at 08:00 UTC and referred users to a compensation and loyalty program in an effort to appease disgruntled users.
As reported by CoinDesk on Wednesday, OKEx had prepared its platform functionality before reopening by testing its withdrawal system, as 0.02 BTC was moved from an OKEx wallet.
On October 16, OKEx was forced to suspend all account withdrawals when an anonymous holder of the keys to cryptocurrency assets was arrested by the police for attending an investigation.
A report from the Chinese newspaper Caixin claims that the key holder was OKCoin founder and OK Group CEO Mingxing “Star” Xu, based on sources “close” to the company.
However, OKEx representatives denied any connection between the two when prompted by CoinDesk.
