OKX CEO Denies Receiving Freeze Request Following Tron DAO X Account Hack
OKX founder and CEO Star Xu has responded to accusations from Tron founder Justin Sun regarding the handling of stolen funds. Sun claimed OKX failed to act on a law enforcement request to freeze funds after Tron's official X account was hacked. Xu stated that OKX received no such requests through official 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 wrote on X.
The OKX team checked all communications, including the spam folder, and found no requests related to the case. Xu's statement came after Sun claimed in a now-deleted post that OKX hadn't responded to a "freeze notice" sent by a "relevant law enforcement agency" to the exchange's official email.
Sun defended his actions stating, "These stolen funds do not belong to me; I'm acting to protect the community." Xu publicly challenged Sun to provide evidence showing when and where the law enforcement request was sent.
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.
Tron advised users: "If you received a DM from our account on May 2, please delete it and consider it the work of the attacker."
This incident joins several recent security breaches of prominent crypto accounts on X. These include hacks of Kaito AI in March, Pump.fun in February, and even UK Member of Parliament Lucy Powell's account in April, all used to promote fraudulent tokens or crypto scams.
This dispute occurs as other major changes shake the DeFi landscape. Sky DAO, formerly known as Maker, has proposed ending support for MKR tokens between May 15-19 and introducing penalties for delayed upgrades to SKY tokens, with the first 1% penalty starting September 18.
