The founder of cryptocurrency exchange OKEx was detained for questioning on September 10, 2018, by Shanghai police to investigate a case of suspected digital currency fraud related to WFee coin. As of 9:30 pm local time, on September 11, he was released.Star Xu, who was a shareholder in WFee coin, was surrounded by seven or eight people at the hotel he was staying at in Shanghai and taken to a local police station for questioning, according to Sina news. In a follow up, Sina reported the suspected fraud took place in Beijing; therefore, documents related to the investigation will be handed to the Beijing police. According to reports, the Shanghai police were responding to several complaints they received about WFee — likely from investors who had lost money in the scheme. Sina News: Star Xu, founder of OKCoin/OKEX, is being investigated by Shanghai police. According to Lu Jun, officer at the local PD, Xu was suspected of fraud accused by investors. SH police has accepted the case.Source (in CN): https://t.co/Y6fIt8Sz49https://t.co/ItVfMZ8ZoD pic.twitter.com/Gquv9n7iKs— cnLedger [Not giving away ETH] (@cnLedger) September 11, 2018According to data on coinlibo.io, the coin began trading in March 2018, mainly on OKEx. In the last few days, the value of the coin, which had trading pairs with bitcoin (BTC) and ether (ETH), took a 90 percent dive in price, going from $.00033 per coin to $0.00012475.... For Further Information Click on Below Button