Crypto exchange BKEX has stopped withdrawals on the grounds that platform users are money laundering.
The year 2023 will be a period when the regulatory and sanction agenda is intense for the crypto industry. Finally, crypto exchange BKEX suspended withdrawals. A surprising statement came from the stock market to this situation, which surprised many investors.
BKEX suspects platform users of money laundering. The suspension of withdrawals was attributed to this justification.
BKEX Works with Police
Crypto exchange BKEX stated that users of the platform are laundering money. Stating that it acted with the police, the exchange stopped the withdrawals.
According to the statement made by the BKEX team, the regulatory team will work together and the functioning of the exchange will be restored. However, the exchange did not give clear information about when the processes will be completed.
Stating that it will conduct the process transparently, the team gave the message that it will protect the rights of its users as much as possible. BKEX reports money laundering transactions on its exchange to the police. The stock market, which has stopped withdrawals, combines the police with the necessary evidence.
This event, which came to the fore due to user security and black money issues, caused confusion in the crypto community. Founded in 2018, the stock market has a trading volume of close to $450 million.
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