OKCoin Exchange Releases Official Statement on OKCoin Office Assault in Beijing

OKCoin Releases Official Statement on OKCoin Office Assault in Beijing

According to an official statement released by OKCoin on October 23 on Weibo, their Beijing Office was assaulted. They informed that more than 10 unidentified persons entered the OKCoin Beijing office and harassed employees.

As per the report, these individuals were very violent and started to smash doors and elevators. Moreover, they also attacked employees and personnel on the building. Personal safety of the employees was also seriously threatened.

This situation affected the normal office order of the company. The report also says that they informed local authorities about the situation. OKCoin condemns the acts that experienced and will be taking all the legal weapons and measures necessary to protect their rights and interests.

Before the attack, OKCoin informed that some individuals had been close to the office and did not want to be identified, although they mentioned they were users of the trading platform.

There are some reports that say that the violence started due to the fact that the company is offering futures trading services that have been provided by the platform. Some users experienced forced liquidations and irregular transactions. This could be one of the reasons behind this attack.

The company, one of the largest in the cryptocurrency market, is located in San Francisco and operates in many different countries.

Additionally, OKCoin founder Xu Mingxing has also been accused of fraud in the past. In addition to it, they have also been suspected of being manipulating accounts irregularly. Xu was also summoned by the Shanghai public security organs since he was accused of fraud linked to virtual currencies, events, and blockchain payments.

Although uCoin has experienced these irregular issues in the last months, the platform continues offering services and it has an important trading volume in the market.

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