Multiple sources said Xu Mingxing has been granted some freedom, OK said it has not received any news

On November 18, OKB suddenly rose against the trend. Multiple sources told Wu Blockchain that Xu Mingxing has been granted (certain) freedom, and it has not yet been determined whether he has been released on bail or the end of the investigation.

There are also reports from OK that they have established contact with Xu Mingxing. As for the issue of withdrawing coins, which is of most concern to the outside world, there is no definite news yet and we need to wait for the official announcement or arrange the corresponding plan. OK said that it has not received any relevant information about Xu Mingxing.

At noon on October 16, OKEx issued an announcement stating that some private key holders are cooperating with the public security authorities in the investigation and are currently out of contact, making it impossible to complete the authorization decision and suspending withdrawals.

On the afternoon of the 16th, Caixin disclosed that the person under investigation was Xu Mingxing, the founder of OK. Mars Finance said that the real reason why Xu Mingxing was taken away to assist in the investigation may be related to the backdoor listing of OK Group in Hong Kong last year. At that time, a sum of money for the shell purchase was borrowed from an underground bank in Shanxi. Currently, the bank has been investigated by the police.

Wu said blockchain learned that Xu Mingxing was not criminally detained, but was placed under residential surveillance. On the afternoon of November 6, OKEx issued an announcement saying that it had hired external legal counsel to contact some private key holders and denied that he had been criminally detained.

On November 18, OKB suddenly rose against the trend. Multiple sources told Wu Blockchain that Xu Mingxing had been granted some freedom, but it was not known whether he was released on bail or had ended his assistance in the investigation. However, the price of OKU did not change significantly.

On the other hand, Huobi’s COO was also investigated by Shanxi police in early November, but no news has been released yet. At the same time, it was reported that several OTC employees assisted in the investigation. However, Xu Mingxing’s gaining some freedom may also be good news for Huobi.