Founder of OKEx Exchange Released Without Further Charges

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Star Xu had been taken into police custody for fraud allegations yesterday, under condition that he would be released from custody in a 24-hour period if no substantial evidence was found. Xu faced problems from a group of ‘investors’ allegedly linked to the WFEE Coin, a blockchain Wifi sharing project that police are alleging that Xu held shares in. The alleged illicit activity in WFEE led those affected to seek the local authorities, which caused Xu to be brought in for questioning.

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