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First Mover: OKEx Private Key Snafu Sends Bitcoin Lower as China DeFi Rises

OKEx withdrawal suspension sends bitcoin lower, China becomes hotbed of DeFi development, Filecoin first-day trading leaves market cap above $800M.

By David Pan, Omkar Godbole, Sebastian Sinclair, Bradley Keoun

Updated Sep 14, 2021, 10:10 a.m. Published Oct 16, 2020, 1:04 p.m.

The OKEx exchange had to suspend withdrawals because a founder who held a crucial private key was reportedly detained.