OKEx Founder Released After Questioning in Connection With Suspected Coin Fraud60.24

The founder of cryptocurrency exchange OKEx was detained for questioning on September 10, 2018, by Shanghai police to investigate a case of suspected digital currency fraud related to WFee coin. As of 9:30 pm local time, on September 11, he was released.

Star Xu, who was a shareholder in WFee coin, was surrounded by seven or eight people at the hotel he was staying at in Shanghai and taken to a local police station for questioning, according to Sina news. In a follow up, Sina reported the suspected fraud took place in Beijing; therefore, documents related to the investigation will be handed to the Beijing police.

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