OKX founder and CEO Star Xu has publicly defended the crypto exchange after Tron founder Justin Sun accused it of failing to act on a law enforcement request to freeze stolen funds following a recent hack of Tron’s official X account. “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 in an X post. OKX says there is no communication in the spam box, either Xu said that the crypto exchange had not received any related correspondence through OKX’s official channels. “Our LE cooperation team just checked the email, including the spam box; we haven’t received any request related with this case,” Xu said. Source: Star Xu In what is now an unavailable X post, but was screenshotted by Xu, Sun had earlier claimed that OKX has not responded to a “freeze notice” sent to its official email address from a “relevant law enforcement agency.” Sun said that he had no other way to contact OKX’s compliance department. “These stolen funds do not belong to me; I’m acting to protect the community,” Sun said. On May 3, Tron DAO told its 1.7 million X followers that its account had been compromised. Tron explained that 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.” In response to Sun’s claims of inaction, Xu publicly called on him to provide a screenshot showing when and where the law enforcement request was made. The Tron incident is one of several recent security breaches involving high-profile crypto accounts on X. Related: Over 14,500 Tron addresses at risk of silent hijacking Kaito AI, an artificial intelligence-powered platform that aggregates crypto data to provide market analysis for users, and its founder, Yu Hu, were the victims of an X social media hack on March 15. The hackers opened up a short position on KAITO tokens before posting that the Kaito wallets were compromised and advised users that their funds were not safe. Just a few weeks before, on Feb. 26, The Pump.fun X account was compromised to promote a fake governance token called “PUMP” and other fraudulent coins. Meanwhile, the X account of UK member of Parliament and Leader of the House of Commons, Lucy Powell, was hacked on April 15 to promote a scam crypto token . Magazine: Crypto wanted to overthrow banks, now it’s becoming them in stablecoin fight
