How long will the funds be frozen for Dubai OKX

OKX has halted withdrawals and deposits due to unforeseeable market conditions, with the duration of the freeze remaining uncertain.

Oct 24, 2024 at 08:23 am

Frozen Funds on OKX: Duration and FAQs

1. Current Situation

On October 12, 2023, OKX announced that it had suspended withdrawals and deposits due to "unforeseen market conditions."

2. Duration of Freeze

The duration of the freeze is uncertain. OKX has stated that it is working to resolve the situation as quickly as possible.

3. Reasons for Freeze

OKX has not disclosed the specific reasons for the freeze. However, it is believed to be related to market volatility and liquidity issues.

4. FAQs

• Can I still trade on OKX?
  No, all trading activities are currently suspended.
• Are my funds safe?
  OKX has assured users that their funds are safe and that the company is committed to its obligations.
• When will my funds be unfrozen?
  The unfreezing date has not yet been announced. OKX will provide updates as they become available.
• What should I do if my funds are frozen?
  It is recommended to contact OKX support for assistance. Do not make any transfers or withdrawals until the freeze has been lifted.
• Will I lose my funds if the freeze is not lifted?
  OKX has stated that it is working hard to resolve the situation and that it is not expected that users will lose their funds.