OKEx, a top 20 crypto exchange, announced on Friday it has restored its full range of services for its users by reopening withdrawals of all digital assets. OKEx reported that its team ran comprehensive security checks prior to resuming normal operations of the hot wallet system to ensure the safety of users’ funds.
“As part of its continued pledge to full transparency, OKEx has always maintained 100% of reserves since its inception. As such, users are able to withdraw funds with no restrictions. Alongside reopening withdrawals, the Malta-based exchange is offering generous loyalty rewards for users as a gesture of appreciation for their support and understanding during this time.”
OKEx further explained that while all other operations of the exchange remained unaffected, withdrawals from OKEx were temporarily suspended on October 16th to guarantee the safety of users’ assets, which remains the cryptocurrency’s number-one priority at all times. Over the years, the exchange has gained unrivaled experience in safely operating digital wallets, assets, and transactions with no major security incidents. OKEx CEO, Jay Hao, further spoke about the launch by stating:
“We are pleased to be back to operating at full capacity, with all trading activity, deposits and withdrawals functioning as expected and security measures in place to ensure the safety of user assets. Beyond continuing to provide more diverse products, trading tools and innovative solutions for our customers, the security of their funds is our primary concern.”
The exchange went on to add that it also has an extensive backup mechanism in place for private key holders to ensure that each holder can trigger the activation of the backup private key in the event of long-term incapacitation, such as death or memory loss.