OKX warns high risk deposits may trigger 15 day reviews

OKX may restrict account functions and funds for 15 days or longer when cryptocurrency deposits trigger enhanced anti-money laundering reviews, CEO Star Xu said on Sept. 2. Summary OKX may restrict accounts for 15 days or longer while reviewing flagged high risk deposits. Star Xu said confirmed illegal activity could lead OKX to terminate customer services entirely directly. Transfers linked to Telegram escrow markets and Huiwang variants may face enhanced source checks scrutiny. FinCEN identified Huione Group as a primary money laundering concern before severing American access later. Xu responded after a sports betting platform transfer reportedly triggered an OKX compliance review process. Xu issued the warning after responding to a user whose transfer from a sports betting platform reportedly triggered an OKX risk review. The executive said funds sent from high risk addresses can result in stricter checks, with the length of a review depending on the circumstances. Accounts confirmed to be connected to high risk or illegal activity may have their services terminated, according to Xu. His statement did not identify the user, betting platform, deposited asset or amount involved. ...