OKX CEO Defends Crypto Exchange After Tron Founder Justin Sun Accuses It of Failing to Act on a Law Enforcement Request

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

Recently, Tron founder Justin Sun accused crypto exchange OKX of failing to act on a law enforcement request to freeze stolen funds following a recent hack of Tron’s official X account. However, OKX founder and CEO Star Xu has now defended the exchange.

“We also have 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.

According to Sun, the relevant law enforcement agency had contacted OKX’s legal team directly through email to request the freezing of the stolen funds.

”I hope the exchange complies with the request quickly to prevent further losses for the community. We have no other way to contact the exchange’s compliance department.”

Sun’s X posts related to the matter now appear to have been deleted, but Xu had already shared screenshots and called him out, saying, “Thanks for deleting all confusing public communications.”

He added that the exchange had yet to receive any official enforcement request.

“Our LE cooperation team just checked the email, including the spam box, we haven’t received any request related with this case. May I ask which agency applied for it? When and where is the screenshot?”

Tron DAO’s X account, which has 1.7 million followers, was compromised on May 3. During the breach, an unauthorized party posted a malicious contract address, sent direct messages, and followed unfamiliar accounts.

The Tron incident is one of several recent security breaches involving high-profile crypto accounts on X.

Earlier this year, 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. 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.

The Pump.fun X account was compromised on Feb. 26 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 to promote a scam crypto token.