Crypto Exchange BKEX Suspends Withdrawal to Aid Money Laundering Probe

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Cryptocurrency
exchange BKEX has frozen customer withdrawal on its platform to cooperate with
police investigation into alleged money laundering by some of its
users. The exchange on Monday said it decided to halt withdrawal in order to
aid authorities in collecting evidence.

“The team
will actively work with the relevant authorities to resolve the current issues
faced to ensure that the rights of our users are protected to the greatest
extent possible,” BKEX said in a statement on its blog.

The
exchange assured that it will “do its best to restore the normal operation of
the exchange.” BKEX through the platform offers crypto, derivatives and margin
trading features to users.

According
to CoinMarketCap, BKEX was founded in June 2018
and boasts of
over 8 million users from more than 100 countries in Asia, Europe and Latin
America, among others.

Cryptocurrency
exchange BKEX has frozen customer withdrawal on its platform to cooperate with
police investigation into alleged money laundering by some of its
users. The exchange on Monday said it decided to halt withdrawal in order to
aid authorities in collecting evidence.

“The team
will actively work with the relevant authorities to resolve the current issues
faced to ensure that the rights of our users are protected to the greatest
extent possible,” BKEX said in a statement on its blog.

The
exchange assured that it will “do its best to restore the normal operation of
the exchange.” BKEX through the platform offers crypto, derivatives and margin
trading features to users.

According
to CoinMarketCap, BKEX was founded in June 2018
and boasts of
over 8 million users from more than 100 countries in Asia, Europe and Latin
America, among others.



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