Breaking: Over $50 million in Bitcoin leave OKEx as the exchange re-opens withdrawals

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OKEx, one of the world’s largest cryptocurrency exchanges, unlocked the withdrawal functionality ahead of the scheduled time. According to the official blog information, users’ funds have been unlocked at  8:00 (UTC) on November 26, 2020.  

The development led to a massive BTC outflow from the exchange. As on-chain data provider CryptoQuant reports, users took away  2,822 BTC worth of over $50 million, which is the most significant one-time withdrawal amount in the company’s history. 

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