Cryptocurrency exchange BKEX has frozen customer withdrawals on its platform for cooperating with police investigations into alleged money laundering by some of its users. On Monday, the exchange said it had decided to halt the withdrawal to help the authorities gather evidence.
BKEX said in a permit on her blog.
#BKEX Notice of suspension of withdrawal
– details: https://t.co/gDh6Z3bg9apic.twitter.com/EMTEuU2DDO
– BKEX (BKEX Global) May 29, 2023
The stock exchange confirmed that it will “do its best to restore the normal operation of the stock exchange.” Through the platform, BKEX offers cryptocurrency, derivatives and margin trading features to users.
according to CoinMarketCapBKEX was founded in June 2018 and has more than 8 million users from more than 100 countries in Asia, Europe and Latin America, among others.
The BKEX money laundering investigation comes several months after Bulgarian police authorities in partnership with foreign agents raided the local offices of cryptocurrency lending firm Nexo. During the raid, a total of 15 offices of the company were raided.
finance poles It reported that prosecutors had launched an international operation to investigate the exchange for alleged financial crimes, failed anti-money laundering (AML) operations and allowing transactions that violated international sanctions against Russia.
Sika Mileva, the Bulgarian public prosecutor, alleged through a company spokesperson that one of the company’s clients is a person linked to financial terrorism. In addition, it noted that the crypto company has processed more than €94 billion in the past five years, according to local media reports.
However, in reaction to the development, Nexo in a Twitter post accused prosecutors of adopting a “kick first, ask questions later” approach. Customer policies.
Scope Markets’ new hire; More features on CQG; Read snippets of today’s news.
Cryptocurrency exchange BKEX has frozen customer withdrawals on its platform for cooperating with police investigations into alleged money laundering by some of its users. On Monday, the exchange said it had decided to halt the withdrawal to help the authorities gather evidence.
BKEX said in a permit on her blog.
#BKEX Notice of suspension of withdrawal
– details: https://t.co/gDh6Z3bg9apic.twitter.com/EMTEuU2DDO
– BKEX (BKEX Global) May 29, 2023
The stock exchange confirmed that it will “do its best to restore the normal operation of the stock exchange.” Through the platform, BKEX offers cryptocurrency, derivatives and margin trading features to users.
according to CoinMarketCapBKEX was founded in June 2018 and has more than 8 million users from more than 100 countries in Asia, Europe and Latin America, among others.
The BKEX money laundering investigation comes several months after Bulgarian police authorities in partnership with foreign agents raided the local offices of cryptocurrency lending firm Nexo. During the raid, a total of 15 offices of the company were raided.
finance poles It reported that prosecutors had launched an international operation to investigate the exchange for alleged financial crimes, failed anti-money laundering (AML) operations and allowing transactions that violated international sanctions against Russia.
Sika Mileva, the Bulgarian public prosecutor, alleged through a company spokesperson that one of the company’s clients is a person linked to financial terrorism. In addition, it noted that the crypto company has processed more than €94 billion in the past five years, according to local media reports.
However, in reaction to the development, Nexo in a Twitter post accused prosecutors of adopting a “kick first, ask questions later” approach. Customer policies.
Scope Markets’ new hire; More features on CQG; Read snippets of today’s news.
