OKEx mining pool lost almost all hashrate after suspension of withdrawal of assets from the exchange

After the suspension of the withdrawal of cryptocurrencies from the OKEx exchange in mid-October, its mining pool has lost almost all of its hashrate.

According to BTC.com, OKEX miners have mined over the past three months 4.5% Bitcoin blocks, On average, creating about 10 Blocks per day. At the same time, they are leading on hashrayit in the house Bitcoin Pool F2Pool (15.8%), BTC.com (13.7%) Pool (13.2%). 

16 October OKEX Exchange suspended the withdrawal of crypto assets, Explaining this, that cannot contact one of the holders of closed keys, which is involved in the investigation. From this day, the computing capacities of the OKEX mining pool for Bitcoin mining have decreased 9 000 to 20 Ph/s, and with 17 October OKEX only got 12 blocks, The latter was created 2 November. According to mobile and web applications OKEX, The same trend can be traced with respect to the ETH production pool. There, the volume of computing capacities decreased with 30 thousands of mh/s before 730 MH/S.

After suspension of the withdrawal from OKEX in the media, information began to appear, that the site stores customer assets in a cold wallet with one signature, But the exchange denies these rumors. Users still cannot withdraw their crypto assets from OKEX, However, the exchange certifies, that their funds are safe. Last week, OKEX leaders reported to attract external legal consultants, to solve this problem.