The global digital asset financial service platform BKEX Global has announced a temporary suspension of withdrawals via an official post dated May 29, 2023, to inform its users that their funds are found to be used in ‘money laundering’ activities.
In its official announcement, BKEX wrote,
Recently, the platform users’ funds were involved in ‘money laundering’ and BKEX is currently cooperating with the police to collect evidence, for which we will suspend withdrawals to cooperate with the work.
BKEX also took to Twitter to share information on the withdrawal suspension with its community:
The derivatives exchange went on to inform that it’s fully cooperating with the law enforcement for collecting evidence and ensuring smooth regulatory investigation, thereby warranting a withdrawal suspension for the time being.
The management of the BKEX exchange has made it clear that it is committed to restore the regular exchange operations at the earliest. It is also assured by the crypto exchange that the incumbent issues faced would be resolved soon as the team is coordinating in the required efforts with the relevant authorities to ensure that its users’ rights are safe as much as possible.
The British Virgin Island-registered exchange has stated that the vital elements of transparency and timely communication would be maintained throughout the reporting and investigative processes. If users face any issues or require assistance in the ongoing process, they are advised to contact the BKEX customer service team to seek aid.
BKEX thanked its users for their constant support and understanding, motivating it to prioritize the interests of its users. At press time, the total 24-hour Spot Trading Volume of the BKEX exchange is $305,033,587.02, as per CoinMarketCap.