OKEx Founder Xu Xing Arrested Over Charges of Fraud, Still Not Released

Xu Xing was busted last week in China, accused of conducting fraud with crypto. OKEx can be called the second biggest platform in the world considering its trading volume

China’s position regarding crypto and ICO is a tough one. On Tuesday, the Central Bank of China issued a publication, warning investors, again, of heavy risks related to digital coins and purchasing them for future profits. All ICOs are prohibited, as are any public activities to promote them.