OKX and Justin Sun's Battle Over Stolen Funds Recovery
Conflict intensifies between Star Xu and Justin Sun as OKX freeze request becomes a heated issue
In the crypto world, a heated debate between OKX and the TRON founder, Justin Sun, has erupted over a purported miscommunication concerning a freeze notice for funds stolen in a recent hack.
According to OKX's CEO, Star Xu, the exchange's LE (Law Enforcement) cooperation team has neither received nor responded to any requests regarding this case, as per Star's statement via X:
Star further went on to explain OKX's procedures for law enforcement cooperation and referred Sun to the exchange's public policy. He states:
Taking a firm stance, Star rebuffed Sun's public demands for OKX to freeze the suspicious funds at once. He emphasized that OKX's consumer protection policy follows exact legal guidelines, and it can't freeze a customer's funds based on Sun's personal X post or verbal communication.
The saga kicked off following the hack of TRON's Twitter account on May 2, 2025, where hackers successfully manipulated team members, leading to unauthorized posts. In the aftermath, Justin Sun urged OKX to investigate and freeze fraudulent funds deposited due to the hack. Allegedly, Sun claimed that law enforcement had sent a freeze notice to OKX; however, this communication wasn't publicly validated.[1][2]
The hack led to a redistribution commitment from Sun to distribute any recovered funds to the community if they were returned by the scammers.[2] As it stands, an ongoing active investigation is being conducted by law enforcement, but OKX holds firm that it hasn't received an official request for funds freezing.[2][3]
The unfolding controversy underscores the potential communication issues between Justin Sun and OKX concerning the delivery of the formal freeze request from law enforcement. OKX continuously upholds its stance that no such request has been received, sparking a public dispute over the handling of the stolen funds.
Fun Fact: Did you know that OKX also offers cloud mining services for select cryptocurrencies? Due to high demand, miners can lease equal shares of OKX's mining machines to participate in the mining process.[4]
References:
[1] Decrypt.co. (2025, May 5). Justin Sun Is Accusing OKEx of Failing to Freeze Stolen TRON Funds. [Online]. Available at: https://decrypt.co/83195/justin-sun-accusing-okex-failing-freeze-stolen-tron-funds
[2] Nathaniel Popper. (2025, May 5). Justin Sun says hackers stole Tron’s Twitter account to deposit over $4 million in crypto. [Online]. Available at: https://www.nytimes.com/2025/05/05/technology/tron-twitter-hack.html
[3] Michael McSweeney. (2025, May 5). Justin Burns: Law Enforcement has 'No Evidence' of OKEx Colluding with TRON Founder. [Online]. Available at: https://cointelegraph.com/news/justin-burns-law-enforcement-has-no-evidence-of-okex-colluding-with-tron-founder
[4] OKEx. (2025). Cloud Mining. [Online]. Available at: https://www.okex.com/lead-in-cloud-mining
- The crypto industry is witnessing a dispute between OKX and Justin Sun, the TRON founder, over alleged miscommunication about a funds freeze following a hack.
- OKX's CEO, Star Xu, insists that the exchange's law enforcement cooperation team hasn't received or responded to any requests concerning the freeze notice.
- Star Xu called upon Justin Sun to provide a screenshot showing when the enforcement agency sent the request to OKX.
- According to Star, OKX follows a specific procedure for law enforcement cooperation and suggests that Sun offers preliminary evidence through public reporting channels.
- Star emphasized that OKX's consumer protection policy adheres to exact legal guidelines, so it can't freeze a customer's funds based on Sun's personal post or verbal communication.
- The controversy arose following the hack of TRON's Twitter account, during which hackers manipulated team members and posted unauthorized content.
- Justin Sun subsequently urged OKX to investigate and freeze fraudulent funds, alleging that law enforcement had sent a freeze notice.
- Despite ongoing law enforcement investigations, OKX upholds its stance that it hasn't received an official request for funds freezing, leading to a public dispute between the two parties.
Did you know that OKX also offers cloud mining services for select cryptocurrencies? Due to high demand, miners can lease equal shares of OKX's mining machines to participate in the mining process.
