OKEx announced a compensation programme after the withdrawal has been frozen

The OKEx Bitcoin Exchange presented a compensation programme for loyal users. Its terms and conditions apply to those who interacted with the platform during the withdrawal blocking period.

The Exchange plans to transfer 20% of commission income from trading in futures and perpetual swaps over the last seven weeks to an incentive fund. Active users will receive compensation depending on the amount of assets held and turnover. For owners of OKB stock exchange native token the amount will be doubled.

Users who hold more than $10,000 on the exchange will receive between $100 and $1,000 in the form of commission coverage depending on trading volumes.

Every week OKEx will provide all platform users with additional benefits for futures transactions and perpetual swaps.

On 16 October, the platform suspended its withdrawal due to the loss of communication with one of the private key holders. The media reported that the founder of OKEx Star Xu has been detained, but representatives of the exchange denied this information.

On 19 November OKEx promised to restore the withdrawal by 27 November 2020. Later on, Star Xu said that he was cooperating with law enforcement agencies on a share capital merger involving his company OK Group several years ago.

Recall that on 23 November the platform tested the withdrawal of 0.02 BTC from one of its wallets.