Chinese crypto exchange OKEx has just suspended withdrawals, apparently because police are talking to key holders, it said in a statement. The company, though registered in Malta, serves many Chinese retail investors. Huobi, Binance and OKEx are the three biggest Chinese exchange
The news caused panic on WeChat and in social media.
The exchange is the second biggest source of derivative trading after Bitmex. The price of Bitcoin dropped 2.5% on the news.
Story is developing.