OKEx Exchange announced the withdrawal of Bytecoin due to “critical vulnerability”

The second in terms of trading volumes, the OKEx Bitcoin Exchange announced on Friday, October 12, about the delisting of Bytecoin (BCN) cryptocurrency.

According to representatives of the exchange, the reason for this decision was the critical technical vulnerability of the project, which was discovered during the monitoring of this coin and remains unresolved.

Delisting of Bytecoin (BCN) https://t.co/J6zL03n73B

Previous announcements: https://t.co/4cvGjbYaIN #OKExannouncement pic.twitter.com/xodF2hVfDR

– OKEx (@OKEx_) 12 October 2018

The OKEx report states that the BCN trades will be terminated today. Users need to cancel all open orders and withdraw coins to other platforms or to their own wallets. The opportunity to withdraw BCN will be open until November 1, after which the stock exchange completely stops working with cryptocurrency.

What kind of critical vulnerability in question, representatives of OKEx did not report. At the moment there have been no official comments from representatives of Bytecoin.

It should be noted that this is the second case in recent days, when a large market declines this trading cryptocurrency – before a similar decision without explanation announced Binance.

Soon, representatives of Bytecoin said they were negotiating with this exchange to resume trading and hope to reach an agreement soon. The details of the negotiations, referring to their confidentiality, refused to disclose the project.

You can also note that after the hard fork on August 31, three new Bytecoin updates were released over the past eight days – version 3.3.1 was released on October 4, four days later version 3.3.1.1 was released, which fixed the "rare bug when sending transactions", and Finally, on October 10, version 3.3.2 was released.

Against the background of the latest news from OKEx, the cryptocurrency continued to decline in price – in the last 24 hours it lost more than 8% in value, over the past seven days this figure was more than 35%.

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