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Another reason why you don't want to keep your funds in an exchange

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by COINS NEWS 7 Views

Another reason why you don't want to keep your funds in an exchange

Today I Logged into my OKX account after few years, tried verification and out of nowhere, the support prompted me to give up my funds voluntarily. Is this a joke?

Ignore the amount for now, as it is not important here. But wouldn't this just be the loss of trust in these exchanges?

I tried posting on their sub and they denied it.

According to their policies:
OKX is one of the larger centralized crypto exchanges globally. While exchanges can:

  • Freeze accounts
  • Restrict withdrawals
  • Request KYC (identity verification)
  • Lock funds due to compliance or sanctions reviews

They do not have a standard policy where users are asked to โ€œvoluntarily surrenderโ€ funds.

submitted by /u/YouZealousideal7906
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