{"id":31485,"date":"2020-11-09T19:51:52","date_gmt":"2020-11-09T17:51:52","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=31485"},"modified":"2025-08-28T03:56:45","modified_gmt":"2025-08-28T00:56:45","slug":"chinese-exchange-tokenbetter-suspends-withdrawals-amid-investigation","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/chinese-exchange-tokenbetter-suspends-withdrawals-amid-investigation\/","title":{"rendered":"Chinese exchange TokenBetter suspends withdrawals amid investigation"},"content":{"rendered":"<p>Sichuan police are investigating the activities of the TokenBetter exchange. Journalist Colin Wu reported this.<!--more--><\/p>\n<blockquote class=\"twitter-tweet\">\n<p dir=\"ltr\" lang=\"en\">Wu learned that after OK and Huobi, another exchange from China, TokenBetter, was investigated by the police in Sichuan, China. Earlier, it claimed to have received an investment of 50 million US dollars, but the probability is exaggerated. <a href=\"https:\/\/t.co\/IR6tFwypk9\">pic.twitter.com\/IR6tFwypk9<\/a><\/p>\n<p>\u2014 Colin Wu\uff08WuBlockchain\uff09 (@WuBlockchain) <a href=\"https:\/\/twitter.com\/WuBlockchain\/status\/1325827981550350339?ref_src=twsrc%5Etfw\">November 9, 2020<\/a><\/p>\n<\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<blockquote>\n<p>It has emerged that after OKEx and Huobi, Sichuan police are investigating another Chinese exchange \u2014 TokenBetter. Earlier, it claimed to have attracted $50 million in investments, but that claim is exaggerated.<\/p>\n<\/blockquote>\n<p>Wu added that withdrawals on the trading venue have been unavailable for nearly a month.<\/p>\n<blockquote class=\"twitter-tweet\" data-conversation=\"none\">\n<p dir=\"ltr\" lang=\"en\">This exchange banned withdrawals on October 16, saying that the person in charge is still under investigation today.<\/p>\n<p>\u2014 Colin Wu\uff08WuBlockchain\uff09 (@WuBlockchain) <a href=\"https:\/\/twitter.com\/WuBlockchain\/status\/1325828070125629442?ref_src=twsrc%5Etfw\">November 9, 2020<\/a><\/p>\n<\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<blockquote>\n<p>On Oct. 16, the exchange made withdrawals unavailable, stating that the person in charge remains under investigation.<\/p>\n<\/blockquote>\n<p>As of this writing, the exchange&#8217;s website is unavailable. TokenBetter has shown no activity on <a href=\"https:\/\/twitter.com\/tokenbetter\" target=\"_blank\" rel=\"noopener noreferrer\">Twitter<\/a> and <a href=\"https:\/\/www.facebook.com\/tokenbetterofficial\/?ref=py_c\" target=\"_blank\" rel=\"noopener noreferrer\">Facebook<\/a> since October 15.<\/p>\n<p>Earlier, Colin Wu <a href=\"https:\/\/u1f987.com\/en\/news\/huobis-native-token-slumps-on-large-usdt-transfers-between-exchanges\">linked<\/a> the recent Huobi token crash to reports of an open Chinese police investigation into the exchange&#8217;s chief operating officer. Huobi denied this information.<\/p>\n<p>Recall, on Oct 16 OKEx <a href=\"https:\/\/u1f987.com\/en\/news\/okex-suspends-withdrawals-media-report-founder-detained\">suspended<\/a> withdrawals, explaining this as a loss of contact with the private-key holder who cooperates with law enforcement. Media reported the arrest of the platform&#8217;s founder Star Yu, but an OKEx spokesman denied this in an interview with ForkLog.<\/p>\n<p>Subscribe to ForkLog news on Telegram: <a href=\"https:\/\/t.me\/forkloglive\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">ForkLog FEED<\/a> \u2014 all the news, <a href=\"https:\/\/telegram.me\/forklog\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">ForkLog<\/a> \u2014 the most important news and polls.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Sichuan police are investigating TokenBetter, according to journalist Colin Wu.<\/p>\n","protected":false},"author":1,"featured_media":31486,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"","cryptorium_level":"","_short_excerpt_text":"Sichuan police investigate TokenBetter as withdrawals remain suspended.","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[1166,133,1444],"class_list":["post-31485","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-centralized-exchanges-cex","tag-china","tag-law-enforcement"],"aioseo_notices":[],"amp_enabled":true,"views":"16","promo_type":"1","layout_type":"","short_excerpt":"Sichuan police investigate TokenBetter as withdrawals remain suspended.","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/31485","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/comments?post=31485"}],"version-history":[{"count":1,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/31485\/revisions"}],"predecessor-version":[{"id":31487,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/31485\/revisions\/31487"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/31486"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=31485"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=31485"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=31485"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}