The increasing adoption of Bitcoin (BTC) and cryptocurrencies has led criminals and malicious people to turn to this sector as well.
In this context, BKEX, a Virgin Islands-based cryptocurrency exchange, stated that some user funds on the platform are involved in money laundering.
In this context, BKEX exchange announced that they will suspend withdrawals to find evidence of money laundering.
The statement included the following:
“Recently, platform users' funds have been involved in 'money laundering' and BKEX is currently collaborating with the police to gather evidence and we will suspend withdrawals to cooperate with the study.
The BKEX team will fully cooperate with the regulatory investigation and will do its best to restore the normal functioning of the exchange."
BKEX said in a statement that the exchange will actively work with the relevant authorities to ensure that the rights of its users are protected as much as possible.
BKEX also stated that they will be transparent to their users throughout the process and that they will notify users of every development in a timely manner.
Founded in 2018, more than 1000 cryptocurrencies are currently listed on the BKEX exchange, and mining and P2P services are also provided.
BKEX has more than 8 million users in over 100 countries including Asia, Europe, Latin America and more.
*Not investment advice.
