BKEX suspends withdrawals due to money laundering investigation
BKEX suspends withdrawals due to money laundering investigation
Cryptocurrency exchange BKEX announced that it has temporarily halted withdrawals to assist police in their investigation into alleged money laundering by some users.
The cryptocurrency exchange has pledged to fully cooperate with regulators and do everything possible to restore normal operations on the platform. Such a decision will not only help the investigation but also protect the rights of BKEX users.
"We will maintain transparent and timely communication throughout this process. If you have any issues or need assistance, please do not hesitate to contact our client support team. We will be happy to provide you with support and assistance," the exchange noted on its official website.
We previously wrote that the Securities and Exchange Commission of the Philippines issued a warning to cryptocurrency exchange Gemini for the unauthorized operation of its derivatives trading platform, Gemini Foundation, in the country.
BKEX was founded in 2018 and is registered in the British Virgin Islands. It is one of the top exchanges in the world in terms of trading volume. It is a large crypto exchange that has been successfully developing for the past 4 years, offering traders quite favorable trading conditions. The exchange provides access to many assets, low and transparent fees, and many passive income opportunities. However, the exchange operates independently and is not controlled by any international regulator.
