Michaela
OKX CEO Star Xu has responded to accusations from Tron founder Justin Sun, who claimed the crypto exchange failed to freeze stolen funds after a recent hack on Tron’s official X account.
In a post on X, Xu responded to Sun, stating that the exchange follows a transparent law enforcement cooperation policy. Xu invited Sun to submit initial evidence of the hack through OKX’s public reporting channels, assuring that the platform would implement an emergency freeze if the submitted details met the necessary criteria.
“OKX also has consumers protection policy according to law, we can’t freeze a customer’s funds according to your personal X post or an oral communication. I think you should understand it as the CEO of HTX,” Xu wrote.
In a now-deleted post on X, Sun alleged that OKX failed to act on a “freeze notice” reportedly sent by a “relevant law enforcement agency” to the exchange’s official email address. Sun, whose message was preserved in a screenshot shared by Xu, also claimed there was “no other means of contacting the crypto exchange.”
“These stolen funds do not belong to me; I’m acting to protect the community,” Sun wrote. “At the same time, this is a recently exposed public case, and related evidence is widely available on the internet,” he added.
Xu responded to Sun by stating that the exchange’s law enforcement cooperation team had thoroughly reviewed its email records, including spam folders, and found no trace of any request related to the incident Sun described. Xu further asked Sun to provide a screenshot showing when the alleged law enforcement notice was sent to the exchange.
Following Xu’s posts, Sun replied that he would share the necessary documents through private channels. Xu later responded, noting that the crypto exchange had not yet received any law enforcement request but expressed appreciation to Sun for removing the earlier misleading posts.
Tron’s official X account was compromised on May 2, during which an unauthorized actor posted a fraudulent contract address, sent direct messages, and followed unfamiliar accounts not associated with the platform.
“Even after the perpetrator was logged out and our access restored, they continued contacting others, offering posts from our main account in exchange for payment,” Tron wrote in an X post informing users of the breach. “We are actively investigating the incident and are already in communication with law enforcement to bring swift action against those responsible,” the platform added.
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Michaela has no crypto positions and does not hold any crypto assets. This article is provided for informational purposes only and should not be construed as financial advice. The Shib Magazine and The Shib Daily are the official media and publications of the Shiba Inu cryptocurrency project. Readers are encouraged to conduct their own research and consult with a qualified financial adviser before making any investment decisions.
