Key Takeaways:
- OKX CEO Star Xu denied receiving any law enforcement request from Justin Sun regarding the Tron X account breach.
- Xu challenged Sun to provide proof of the alleged email request, confirming OKX found no such communication.
- OKX cannot freeze user funds without official legal documentation, adhering strictly to compliance protocols.
- The dispute follows a surge in X account hacks targeting crypto projects like Tron, Kaito AI, and Pump.fun.
The Dispute: Sun’s Allegations vs. OKX’s Response
Tron founder Justin Sun claimed that OKX ignored a law enforcement request to freeze assets linked to the hack of Tron’s official X account. Sun alleged the request was sent via email, but OKX CEO Star Xu publicly refuted this, stating:
"Our LE cooperation team just checked the email, including the spam box. We haven’t received any request related to this case. Can you provide a screenshot showing when the enforcement agency sent the request to us?"
👉 Read Star Xu’s full response here
Xu emphasized that OKX requires official legal documentation to act—not social media posts or verbal requests—underscoring the exchange’s commitment to regulatory compliance.
Background: The Tron X Account Hack
On May 2, 2025, Tron’s X account was compromised, leading to:
- Malicious crypto contracts being promoted.
- Unauthorized messages and suspicious activity.
- Community warnings to ignore DMs sent that day.
Sun framed the freeze request as necessary to "protect the community," though OKX maintains no evidence of such a request exists.
Broader Trend: Crypto Social Media Hacks
This incident reflects a wider pattern of high-profile hacks targeting crypto entities, including:
- Kaito AI (AI-focused blockchain project).
- Pump.fun (memecoin launchpad).
- UK MP Lucy Powell’s account (used to push scam tokens).
Hackers increasingly exploit verified accounts to lend credibility to scam tokens or phishing schemes.
FAQ Section
Q: Can exchanges freeze funds without legal documentation?
A: No. Exchanges like OKX require court orders or law enforcement requests to comply with freeze actions.
Q: Why did Justin Sun accuse OKX?
A: Sun claimed OKX ignored an emailed freeze request, but OKX found no record of it and requested proof.
Q: How can users protect themselves from social media scams?
A: Verify official announcements on project websites—never trust DMs or unverified posts.
👉 Learn more about crypto security here
Final Note:
OKX has called for transparency, urging Sun to share evidence of the alleged request. The exchange reiterated its compliance-first approach, prioritizing user protection over unverified claims.
Stay updated with credible sources to avoid misinformation.