independence

On March 14, Xu Mingxing said on Twitter: “Due to the problem of Signature Bank, OKCoin has just suspended the ACH and wire transfer functions. All customers’ funds are safe, cash withdrawal is open at any time, and customers can withdraw at any time. OKX and OKCoin are independent exchanges, and the operation of OKX is not affected.” Xu Mingxing: OKCoin suspended ACH and telegraphic transfer functions due to the signature problem Analysis based on this information:On March 14, Xu Mingxing, the founder of OKCoin, announced on Twitter that OKCoin had temporarily suspended the ACH and wire transfer functions due to a problem with Signature Bank. He assured customers that their funds were safe and that they could withdraw their cash at any time. He also highlighted the independence of OKX, which was not affected by the suspension. This message seems to be a response to some kind of issue that has arisen with Signature Bank. We don’t have any…