{"id":94312,"date":"2020-10-21T14:49:13","date_gmt":"2020-10-21T11:49:13","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/tron-opens-manual-withdrawal-option-for-trx-holders-on-okex\/"},"modified":"2020-10-21T14:49:13","modified_gmt":"2020-10-21T11:49:13","slug":"tron-opens-manual-withdrawal-option-for-trx-holders-on-okex","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/tron-opens-manual-withdrawal-option-for-trx-holders-on-okex\/","title":{"rendered":"# Tron opens \u2018manual\u2019 withdrawal option for TRX holders on OKEx"},"content":{"rendered":"

“# Tron opens \u2018manual\u2019 withdrawal option for TRX holders on OKEx <\/strong>”
\n<\/p>\n

The Tron Foundation has published an update<\/a> on a decision<\/a> it took yesterday to enable Tron (TRX) holders to withdraw their tokens from the OKEx cryptocurrency exchange. According to the foundation:<\/p>\n

\u201cAt present, TRON has helped 16 OKEx users withdraw their TRX, and the TRON Foundation has transferred a total of 9419739.963519 <\/strong>TRX, worth 247268.174 <\/strong>USD according to the CMC price of TRX at the time of press, to the wallet addresses offered by these users at a 1:1 ratio.\u201d<\/p><\/blockquote>\n

OKEx froze all withdrawals on Oct. 16 amid ongoing investigations by law enforcement. Local reporters have alleged that the investigations may be tied to a crackdown by the Chinese government on money laundering.<\/p>\n

In response, the Tron Foundation has given its users the option to withdraw the TRX held on their OKEx accounts on a 1:1 basis. The foundation has explained that users can transfer their tokens by opening the OKEx app<\/a> and selecting \u201cinternal transfer,\u201d which provides the option to transfer to a designated Tron-affiliated email account and official cell phone number.<\/p>\n

\u201cWe will send the transferred TRX into the TRX mainnet account specified by the user within 12\u201324 hours. As the withdrawal will be operated manually, there may be a delay in arrival,\u201d the foundation writes. Verification of this transaction will apparently be undertaken by Tron\u2019s customer service.<\/p>\n

Tron has said its intention is to protect its users\u2019 assets. The option appears to work as a token 1:1 replacement deal, raising questions as to whether users\u2019 equivalent TRX held on OKEx will be frozen in return further down the line. \u00a0<\/p>\n

Cointelegraph has reached out to OKEx for comment, but did not immedia<\/a>tely receive an answer.<\/p>\n

In response to Tron Foundation founder Justin Sun\u2019s announcement of the withdrawal process, crypto community members were divided between those who welcomed<\/a> the emergency intervention and those who expressed concern that the move was \u201csomething a centralized bank would do<\/a>.\u201d<\/p>\n<\/div>\n