Xu Mingxing, founder of OKEx, is under heavy scrutiny from Chinese authorities. He is reportedly in talks with police over accusations of fraud, which relate to an alleged involvement with a little-known cryptocurrency. Local media reports that Shanghai police have accepted the case today, and as such, a criminal investigation has begun. It is understood that Xu (also known as Star Xu) is co-operating with the authorities – he is currently not under arrest. 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…

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