Chinese Crypto Tycoon Xu Mingxing Dismisses Rumors On Being Investigated For Fraud

Chinese cryptocurrency exchange platform OKCoin Thursday dismissed rumors that CEO and founder Star Xu is facing charges or investigation for fraudulent practices on its virtual trading platform. The Chinese cryptocurrency tycoon Star Xu, goes by Xu Mingxing in China, was detained by the Shanghai police station on September 10, amid a dispute with some investors who claimed to have suffered huge losses on the company’s cryptocurrency exchange platform. Xu is said to have been released a day later. "Star Xu encountered …

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