Express
OKEx CEO: Withdrawal Pause Was Unrelated To Technical Problems
Summary: Jay Hao, CEO at OKEx, tweeted to illustrate the issues regarding the security and wallet management system:1) The hot wallet system has used and will always use a multisig mechanism for authorization;2) Each private key has a backup; there will never be assets lost due to unforeseen events happening to a private key holder;3) The ...
Jay Hao, CEO at OKEx, tweeted to illustrate the issues regarding the security and wallet management system:
1) The hot wallet system has used and will always use a multisig mechanism for authorization;
2) Each private key has a backup; there will never be assets lost due to unforeseen events happening to a private key holder;
3) The withdrawal pause was unrelated to any technical problems on our platform.
Tracy Chen
