OKEx Token Price Rises 11% on Rumors of Founder’s Release

[Galaxy]

OKEx paused withdrawals after its founder was reportedly taken into police custody in mid-October. Word’s out that he’s getting out. OKB, the coin that powers Chinese cryptocurrency exchange OKEx, jumped by 11% today after rumors surfaced that Chinese authorities have released from custody the exchange’s founder, Mingxing “Star” Xu.

The price of an OKB, as of this writing, is $5.42, up from $4.81 yesterday.

When Xu was detained in mid-October, the price of OKB fell from about $6.00 to $4.26. The exchange paused withdrawals after reports surfaced that Chinese police had taken Xu into custody.
Info link: https://decrypt.co/48775/okex-token-price-rises-11-rumors-founders-release

[Mexite]

It's a positive news for OkEx as many traders using the platform have been holding strong since withdrawal was paused. I hope the news is true and users are able to access and use their trapped funds once again.

[bigcash2011]

It would be great for the traders and supporters of this platform if it happens and it will also boost confidence in other top exchanges that all the business is legit and according to rules so more traders and investors can get on board confidently.