- OKX CEO Star Xu publicly rejected accusations from Tron founder Justin Sun that the exchange failed to freeze stolen funds following a hack of Tron’s X account.
- Xu stated that OKX had not received any official law enforcement requests through proper channels and emphasized that customer funds cannot be frozen based solely on personal posts or oral communications.
- The incident is part of a larger trend of high-profile crypto account breaches on X, including recent hacks affecting Kaito AI, Pump.fun, and a UK member of Parliament.
OKX CEO Star Xu has publicly challenged accusations made by Tron founder Justin Sun regarding the exchange’s handling of funds stolen during a recent hack of Tron’s official X account. Sun claimed OKX failed to respond to law enforcement requests to freeze the stolen assets, while Xu maintains no such official requests were ever received through proper channels.
"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 said on X.
No Evidence of Official Request
Xu emphasized that OKX’s law enforcement cooperation team thoroughly searched their communication channels. "Our LE cooperation team just checked the email, including the spam box; we haven’t received any request related with this case," the CEO stated. He also publicly requested that Sun provide screenshots showing when and where any law enforcement request was made.
In a now-deleted post that was screenshotted by Xu, Sun had claimed that OKX hadn’t responded to a "freeze notice" sent from a "relevant law enforcement agency" to the exchange’s official email address. Sun added, "These stolen funds do not belong to me; I’m acting to protect the community."
On May 3, Tron DAO informed its 1.7 million X followers that its account had been compromised. During the breach, an unauthorized party posted a malicious crypto token contract address, sent direct messages, and followed unfamiliar accounts. "If you received a DM from our account on May 2, please delete it and consider it the work of the attacker," Tron warned.
Pattern of Social Media Security Breaches
The Tron incident represents one of several recent security breaches targeting prominent crypto accounts on X. In March, Kaito AI and its founder Yu Hu fell victim to Hackers who posted false warnings about compromised wallets after opening short positions on KAITO tokens.
Just weeks earlier in February, Pump.fun‘s X account was compromised to promote a fake governance token called "PUMP" and other fraudulent coins. Even political figures have been targeted, as demonstrated when UK Member of Parliament and Leader of the House of Commons, Lucy Powell, had her X account hacked in April to promote a scam cryptocurrency.
These incidents highlight ongoing security challenges for high-profile accounts in the cryptocurrency space, especially on social media platforms where compromised accounts can quickly spread misinformation or fraudulent schemes to large audiences.
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