Elon Musk subscribed to the OKX crypto exchange account


Well-known Chinese journalist Colin Wu noted that American entrepreneur and owner of the social network Twitter Elon Musk today signed up for the account of the OKX cryptocurrency exchange. At the same time, this news was not accompanied by any comments from the businessman or the management of the trading platform.

Colin Wu drew attention to the fact that OKX is the only cryptocurrency exchange to which Musk is subscribed. In addition, the expert stressed: after the recent news that the management of Binance invested $ 500 million and participated in the acquisition of Twitter, the billionaire did not start monitoring the accounts of the exchange and its head Changpeng Zhao (CZ).

Last week, the Binance cryptocurrency exchange was under a lot of pressure. This was due to a massive outflow of user funds. According to various data, the platform's clients have withdrawn more than $3 billion in digital assets in less than one day.

This state of affairs was the result of several factors at once. Firstly, it turned out that US financial regulators want to initiate an audit regarding the activities of the trading platform, fearing a repeat of the FTX situation. Secondly, industry experts criticized the management of the Binance trading platform, saying that the published audit on financial reserves is not reliable and does not cover all virtual assets, which means that the exchange may hide some important information.

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