ChainCatcher news, the encryption security agency Bitrace stated that after analyzing the on-chain records of the cryptocurrency trading platform BKEX, it has flagged 5 Trc20-USDT hot wallet addresses, 522 user risk addresses' fund flows, and 6,591 user unknown risk addresses' fund flows.In the past year, the five main BKEX hot wallet addresses have interacted with over 7,113 user addresses in terms of fund transactions. Among them, 522 are risk addresses, which have transferred funds to BKEX hot wallet addresses in 4,001 transactions, with a total risk fund amount reaching 4.99 million USDT. Additionally, these addresses have indirectly associated with 568 million risk USDT through user addresses, and the risk funds mainly come from online gambling platforms and illegal third-party payment platforms (including 3.61 million USDT from online gambling platforms and gamblers, and 930,000 USDT from illegal third-party payment platforms).Therefore, there is a possibility that BKEX user funds are involved in money laundering, and the platform may cooperate with law enforcement agencies in the investigation, which is consistent with its official announcement. Previous report mentioned that BKEX announced that user funds on the platform are involved in money laundering, and BKEX is currently cooperating with the police to collect evidence. As a result, it will suspend withdrawals to assist in the work. (Source link)

ChainCatcher message, BKEX announced that the funds of platform users are involved in 'money laundering'. Currently, BKEX is cooperating with the police to collect evidence, and will suspend withdrawals to assist in this work. The BKEX team will fully cooperate with the regulatory investigation and do its utmost to restore normal operations of the exchange. (Source link)