The Currency Analytics
By Ayobami Abiola
The Tron Foundation and Justin Sun, the founder of Tron Blockchain, announced on 20th October plans to help secure the standings of all TRX holders on OKEx.
“After careful consideration, in order to be responsible for our TRX token holders, TRON Foundation and Justin Sun have decided to shoulder their major responsibility in the…
Community members who wish to withdraw their TRX from the exchange were directed to initiate an internal transfer on the cryptocurrency exchange- OKEx and make contacts with a…
“After this announcement is published, OKEx users can transfer TRX to the designated account in this announcement (account17@tronlab.
Though this may have resulted in the TRX price surge over the past few hours, many commenters on Justin Sun’s tweet about the announcement are in disbelieve.
A few hours later, Poloniex, in collaboration with Justin Sun, also announced its remedy for OKEx users- an IOU for USDT held on OKEx.
“In collaboration with Justin Sun, we are providing a solution for OKEx users to withdraw their funds in the meantime and have introduced an IOU token on Poloniex called OKU…
“If OKEx withdrawals are not enabled or if USDT held on OKEx are not fully credited, OKU will have no value and will not be redeemable or exchangeable for any other item of value.”
As of the time of writing there has been no announcement from OKEx on when the crypto withdrawal suspension on its exchange will be lifted.