The British Virgin Islands-headquartered crypto exchange BKEX has suspended withdrawals indefinitely

 

The British Virgin Islands-headquartered crypto exchange BKEX has suspended withdrawals indefinitely.  The move came shortly after BKEX discovered that the user funds in the platform were used for money laundering.  The platform said it would fully cooperate with the law enforcement agencies for the regulatory investigation. The exchange also stated that it is doing its best to return to normal operations as soon as possible. The official statement pointed out that the firm would continue to conduct transparent and timely communication with its users during the process. Besides, the company urged any user experiencing another issue to contact its customer service.  BKEX, launched in 2018, currently has more than 8 million users in over 100 countries.