BKEX, a crypto exchange registered in the British Virgin Islands, has suspended withdrawals for an undisclosed period after its platform was used for money laundering. The exchange stated that it is cooperating with law enforcement agencies to gather evidence and will fully cooperate with the regulatory investigation. Some users have criticized the exchange's decision to suspend withdrawals for all users, while a BKEX angel assured users that the platform would resume services soon. The incident adds to the increased scrutiny of centralized exchanges following FTX's collapse last year and Hotbit's recent shutdown.
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