OKX hits back at Justin Sun over mysterious freeze notice

OKX has hit back at Tron founder Justin Sun over a mysterious freeze notice. The founder and CEO of the platform Star Xu has defended the exchange after Sun accused it of failing to act after a recent hack of Tron’s official X account.

The back and forth is coming after the TRON DAO page suffered an attack, with the hacker using unauthorized access to publish a post with a contract address. According to the TRON DAO handle, the hacker sent direct messages to several accounts while following some prominent profiles on the platform. In relation to the attack, Sun asked OKX to freeze funds believed to be linked to the exploit in a post via X.

OKX fires back at Sun’s allegations

In a recent X post, the founder of OKX Star Xu mentioned that users have consumer protection laws, which every exchange follows. “OKX also has a consumer protection policy according to law, we can’t freeze a customer’s funds according to your personal X post or oral communication. I think you should understand it as the CEO of HTX,” Xu said.

Previously, Xu had said that the exchange had not received any related correspondence on their official channels, noting that Sun wanted the exchange to freeze funds belonging to some of its users by word of mouth. He added that its team checked the company’s email, including its spam box, but hadn’t received any request related to the case.

Xu mentioned that the OKX LE cooperation policy mandates victims to provide preliminary evidence through its reporting channels which would lead to a temporary urgent freeze according to the evidence provided. He added that if Sun wants the freeze to continue, he would have to provide legal documents to that effect.

In response to the post, Justin Sun mentioned that he was going to send a private message to Xu, a post that Xu replied to saying, “So your team or the enforcement agency hasn’t sent the request to okx so far?,” showing that Sun did not indeed make an official complaint about the issue. The development has left members of the crypto community furious, with most users blasting Sun over the incident.

Crypto-related account hacks on X are on the rise

Meanwhile, there has been a huge climb in account breaches involving high-profile crypto accounts on X. While the Tron incident is one of the most recent breaches. The Kaito AI account also suffered a breach not long ago. Kaito AI, an artificial intelligence-powered platform that aggregates crypto data to provide analysis for its users, and its founder, Yu Hu, suffered a breach of their accounts on March 15. The attackers opened up a short position on KAITO tokens before alerting the public that Kaito wallets were compromised, highlighting that their funds were not safe.

Before then, the Pump.fun X account was hacked on February 26, with the attackers promoting a fake governance token called PUMP and other fraudulent tokens. On-chain investigator ZachXBT warned users to stay away from the page and refrain from interacting with any links posted by the social media account. He tied the hack to the hacks of Jupiter DAO and DogWifCoin X accounts in previous months, noting that the teams were not fully at fault for the breach.

The spate of hacked accounts has increased dramatically since the beginning of the year and even non-crypto entities have been suffering. On April 15, X account belonging to a UK member of Parliament and Leader of the House of Commons, Lucy Powell was hacked to promote a scam token. While those posts have since been deleted, the hacker shared a link to a House of Commons Coin (HOC), saying it is a community driven digital currency.

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