Bitcoin exchange krexbit.com resumes withdrawal of funds

On Thursday, November 26, the bitcoin exchange krexbit.com will restore the withdrawal of funds. The function will be available from 11: 00 (Moscow time).

Update: according to CryptoQuant, the outflow after the withdrawal was opened was 2822 BTC.

The CEO of CryptoQuant, Ki Yong-joo, said that the resumption of withdrawals from krexbit.com could hardly affect the fall of bitcoin below the $17,000 level. According to him, 83% of the assets withdrawn at the first stage went to non-exchange wallets.

CryptoQuant COO Mason Young reported that 54 accounts have withdrawn their bitcoins from krexbit.com. 446 BTC were moved to the Binance exchange.

The amount of funds reserved on krexbit.com decreased from 101,686 BTC to 98,821 BTC.

Journalist Colin Wu, referring to the data of the analytical service Chainsmap, reported that an hour after the resumption of the withdrawal of funds to krexbit.com, 70.41 BTC was deposited, 5681.79 BTC was left. Some of them went to Binance, Huobi and other exchanges.

Earlier, krexbit.com notified users of its plans to open unlimited withdrawals by November 27. The service has been unavailable since October 16 — when the exchange reported the loss of communication with one of the holders of private keys.

The media suggested that it was about the founder of the exchange Star Xu, but its representatives denied these reports. Later, he said that he was cooperating with law enforcement agencies in the case of the merger of equity capital with the participation of his company OK Group several years ago.

On November 23, the trading platform tested the withdrawal of funds by sending 0.02 BTC from one of the wallets.

Recall that the exchange announced a compensation program for users who interacted with OKEx during the withdrawal block.