OKX Denies Justin Sun's Claims of Unheeded Asset Freeze Demand
In a recent turn of events, the CEO of OKX, Star Xu, has responded to accusations from Tron founder Justin Sun regarding the alleged failure to freeze stolen funds following a hack on Tron's official X account.
The controversy began when Sun claimed that OKX failed to act on a "freeze notice" from a "relevant law enforcement agency." However, OKX's law enforcement cooperation team has reviewed its email records, including spam folders, and found no trace of any request related to the incident described by Sun.
Tron's official X account was compromised on May 2, and the unauthorized actor posted a fraudulent contract address, sent direct messages, and followed unfamiliar accounts not associated with the platform. Tron is actively investigating the incident, and they are in communication with law enforcement to bring swift action against those responsible.
OKX, on the other hand, follows a transparent law enforcement cooperation policy and has a consumer protection policy according to law, preventing it from freezing a customer's funds based on personal posts or oral communications. If the submitted details meet the necessary criteria, OKX will implement an emergency freeze. The exchange invited Sun to submit initial evidence of the hack through its public reporting channels.
Sun's accusations were based on a public case with widely available evidence on the internet. He also stated that the stolen funds do not belong to him, and he was acting to protect the community. In a deleted post on X, Sun claimed that OKX had not frozen the funds despite receiving the "freeze notice."
Justin Sun replied that he would share the necessary documents through private channels. OKX, however, asked Sun to provide a screenshot showing when the alleged law enforcement notice was sent to the exchange. Sun removed earlier misleading posts following Xu's response.
Tron wrote an X post informing users of the breach, and Sun has been actively engaging with the community, updating them on the progress of the investigation. OKX, for its part, has not yet received any law enforcement request regarding the incident described by Sun.
As the situation continues to unfold, both parties are working towards resolving the issue and ensuring the safety of their users' funds. It is a reminder for all crypto exchanges and users to remain vigilant against potential threats and to follow established protocols for reporting and addressing security incidents.
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