RATE Group | OKCoin’s Star Xu Questioned as Police Investigate Bitcoin Futures Allegations
42049
wp-singular,post-template-default,single,single-post,postid-42049,single-format-standard,wp-theme-bridge,wp-child-theme-bridge-child,ajax_fade,page_not_loaded,,qode_grid_1300,side_area_uncovered_from_content,footer_responsive_adv,qode-content-sidebar-responsive,qode-child-theme-ver-1.0.0,qode-theme-ver-13.3,qode-theme-bridge,wpb-js-composer js-comp-ver-7.9,vc_responsive
 

OKCoin’s Star Xu Questioned as Police Investigate Bitcoin Futures Allegations

12 Sep OKCoin’s Star Xu Questioned as Police Investigate Bitcoin Futures Allegations

Posted at 09:25h in Bitcoin News by

[ad_1]

Crypto exchange OKCoin’s founder Star Xu has been released from a police department in Shanghai after 24 hours assisting an investigation into investors’ accusations that OKEx manipulated bitcoin futures on its platform.

Chinese business media outlet Caixin reported on Tuesday that, since the night of Sept. 10 (China time), Xu had been answering questions at the Shanghai police’s Weifang Xincun precinct.

Another business news source Cailian Press further reported Tuesday night that Xu was released after 24 hours and the case had been transferred to the police department in Beijing, together with materials gathered so far.

“Whether the Beijing department will launch a further investigation is up to them,” a police officer from the Shanghai precinct was quoted as saying in the latter report.

According to Caixin, the dispute stemmed from complaints made by a group of investors who claimed they lost a significant amount of funds on OKEx due to a system crash they alleged the…

[ad_2]

Source link