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Russia Blocks OKX Website For Alleged Unreliable Financial Information
The cryptocurrency exchange’s website was said to contain information about pyramid schemes, although no details were given; similar bans have been imposed before.
Himanshu S.
7:46 5th Oct, 2022

The website of crypto exchange OKX was blocked in Russia by the state media monitoring service Roskomnadzor on Oct. 4. The agency told the TASS news agency that the website was blocked at “the request of the Prosecutor General's Office for the dissemination of unreliable socially significant information of a financial nature.”

Roskomnadzor told local news outlet RBC that OKX had “published information related to the activities of financial pyramids, as well as information on the provision of financial services by persons who do not have the right to provide them” under Russian law. Although the website is blocked in Russia, it remains freely accessible through a VPN.

According to another local report, the administration of the OKX Russian-language Discord channel stated, “We do not recommend using a VPN when accessing OKX as this will trigger our risk controls and can lead to a ban of our account.”

OKX, which was founded in China and is currently based in Seychelles, is not observing Western sanctions against Russia. Recently, it reportedly failed to respond to a request by South Korean authorities to freeze accounts attributed to Terraform Labs co-founder Do Kwon, and is otherwise known for its sponsorships of Manchester City soccer and auto racing.


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