OKEx Founder Star Xu Arrested by Shanghai Police Over Alleged Investment Fraud

2018-9-11 15:07

The founder of cryptocurrency exchange OKex has been taken into custody by Shanghai police officials. Star Xu is allegedly involved in a fraudulent scheme regarding WFEE Coin. As Xu is a shareholder in this potentially fraudulent company, he is put through a round of questioning to get to the bottom of these rumors.

Star Xu and WFEE Coin

Given the vast number of fraudulent schemes in the cryptocurrency world, police arrests are becoming all too common. In the case of WFEE, the company issued native tokens which were sold through the website. Various complaints have been received regarding this venture being potentially fraudulent. The Shanghai police forces are officially investigating the matter at this time.

One person of interest regarding WFEE is Star Xu. Cryptocurrency enthusiasts know him as the founder of OKCoin and OKEx. As a shareholder of WFEE, he can be deemed responsible for any fraudulent efforts regarding this investment scheme. However, the investigation has shown Xu’s company in Shanghai is not responsible for issuing the currency. Instead, that part of the business was handled in Beijing.

The WFEE team’s location seems to be in Shanghai. As such, it makes little sense for them to defraud investors through a Beijing subsidiary. The exact nature of Star Xu’s involvement remains unclear at this time. He is expected to be either released or remain in custody after the initial 24-hour period expires in a few hours.

This new development causes some unrest in the cryptocurrency world. Given the current market conditions, a shakeup like this is the last thing cryptocurrency needs. Even so, if Star Xu is involved in a fraudulent investment scheme, he will need to pay the price for those actions. Until proven otherwise, he is still in the clear and may have simply been tied to a company with less than honest intentions.

The post OKEx Founder Star Xu Arrested by Shanghai Police Over Alleged Investment Fraud appeared first on NullTX.

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star okex police founder shanghai fraudulent arrested

star okex → Результатов: 10


Фото:

Основатель OKEx задержан для дачи показаний по делу о мошенничестве

Полиция Шанхая задержала основателя криптовалютных бирж OKEx и OKCoin Стара Сюя (Star Xu) в связи с расследованием по делу о криптовалютном мошенничестве. Confirmed Start Xu – Founder of the @OKEx_ @OKCoin @starokcoin , was taken by Chinese police to help investigate suspected #crypto fraud.

2018-9-11 16:54


Задержан основатель биржи OKEx

Согласно информации китайского издания Sina News, выдержки из публикации которого приводит Twitter-аккаунт cnLedger, основатель бирж криптовалют OKCoin и OKEx Стар Сюй был задержан шанхайской полицией для допроса.

2018-9-11 16:51


СМИ: в Китае задержан основатель биржи OKEx по подозрению в мошенничестве

Полиция Шанхая задержала основателя бирж OKCoin и OKEx Стара Сюя, предположительно, в связи с расследованием криптовалютного мошенничества. Об этом сообщает местное издание Sina News. Sina News: Star Xu, founder of OKCoin/OKEX, is being investigated by Shanghai police.

2018-9-11 16:14


Фото:

Chinese Police Hold OKCoin CEO For ‘Investigation’ Over Alleged Fraud Links

The CEO of Chinese cryptocurrency exchanges OKcoin and OKEx is in police custody over alleged fraud, local media report September 11. Xu’s Business Gets All-Clear As multiple sources on social media claim in addition to Sina News, Star Xu is currently assisting officers in Shanghai investigate fraudulent activity on the part of WFEE coin, of which he is a shareholder.

2018-9-11 16:00


Основатель криптовалютной биржи OKEx задержан китайской полицией

Соучредитель популярной криптовалютной биржи OKEx был замечен в отделении Китайской полиции, об этом сообщает один из пользователей твиттера, прикрепив к подписи фотографию с самим Star Xu. Сообщение Основатель криптовалютной биржи OKEx задержан китайской полицией появились сначала на Freedman.

2018-9-11 15:15