OKX Star explains the recent turmoil in detail

OKX CEO Star stated that only around 1% of users will receive inquiries about the source of funds or past years of work and residence information. 99% of users will not be affected by any interference; these specific inquiries are not aimed at collecting user privacy information, nor are they in cooperation with any judicial investigation, but rather to clarify facts and ensure the platform is not misused. Users only need to provide information truthfully to complete these inquiries. Asset and account security will not be affected, and there will be no situations preventing users from withdrawing funds. The platform only has extremely rare cases of freezing withdrawals, generally due to judicial freezes, associations with terrorist financing, drug trade, or sanctions. They will strive to improve system accuracy and user inquiry experience. False positives are generally caused by factors such as using browsers like TOR to access the Dark Web or VPNs, abnormal login of multiple accounts on a single device, user names matching certain sanctioned or political figures' databases, or on-chain deposits and withdrawals having some association with money laundering addresses or protocols.