OKX CEO: Accounts Confirmed in Illegal Activity May Face Service Termination
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Cryptocurrency News | Cryptocurrency Prices | Market CapOKX Warns Deposits From High-Risk Addresses May Freeze Funds for 15+ Days
OKX has warned traders that depositing crypto from high-risk addresses can trigger extended anti-money laundering and risk reviews, potentially freezing access to funds for 15 days or longer. What OKX Is Warning Users About According to a statement from OKX CEO, deposits flagged as originating from high-risk sources trigger enhanced compliance review. The review period […] Read The Full Article OKX Warns Deposits From High-Risk Addresses May Fre…
Close a crypto account is no longer just a matter of suspicion: for OKX you need a confirmed violation. This is the central point clarified by the founder and CEO Star Xu, who on Wednesday explained on X how the OKX account closure policy really works when a user receives funds from sources considered at high risk. [...]
OKX CEO: Accounts Confirmed in Illegal Activity May Face Service Termination
TLDR: OKX may terminate accounts confirmed to be involved in high-risk or illegal fund activity. High-risk deposits can trigger AML reviews lasting 15 days or longer before any decision. Xu flagged Telegram escrow deals and Huiwang-linked channels as major compliance risks. OKX paid over $500 million in US AML penalties last year amid rising sector [...] The post OKX CEO: Accounts Confirmed in Illegal Activity May Face Service Termination appear…
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