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Cryptocurrency News Articles

TRON Team Targeted in X Account Takeover – Sun Demands OKX Freeze Assets

May 04, 2025 at 12:30 pm

A major security incident has struck the TRON ecosystem after its official X (formerly Twitter) account was taken over by bad actors

TRON Team Targeted in X Account Takeover – Sun Demands OKX Freeze Assets

The TRON ecosystem was hit with a major security incident on Thursday after its official X (formerly Twitter) account was compromised by bad actors who appear to have used a social engineering scheme to take over the handle.

Instead of exploiting code, the attackers reportedly gained access by targeting a TRON team member and tricking them into handing over credentials. Once inside, the perpetrators used the compromised account to post a fraudulent smart contract and began sending deceptive direct messages to followers. The account also began following unrelated profiles—likely in an attempt to obfuscate their activities or add legitimacy.

Sadly, reports began rolling in that several users fell victim to the scam and lost assets after interacting with the malicious links. The stolen funds were said to be flowing into wallets on the OKX exchange.

TRON founder Justin Sun called on the exchange to take swift action and freeze the associated accounts. He also requested assistance in tracking the funds.

"We are aware of the situation and have contacted the relevant authorities who are currently investigating the matter," Sun said. "We will provide further updates as they become available."

OKX CEO Star Xu responded by reaffirming the platform's commitment to regulatory compliance. While he confirmed a willingness to help, Xu made clear that any account freezing would require proper documentation from the relevant bodies and not just a public callout on social media.

"We take a zero-tolerance approach to fraudulent activities on our platform and cooperate fully with law enforcement agencies in accordance with applicable laws and regulations," Xu stated. "The protection of our customers' interests is paramount, and we will always act in accordance with legal and regulatory frameworks."

This incident serves as a stark reminder of the persistent threat of social engineering in the crypto sphere, where attackers often exploit trust and human error rather than technical vulnerabilities. It also highlights the growing importance of cross-platform cooperation in combating digital fraud and recovering stolen funds.

The post TRON Targeted in X Account Takeover – Sun Demands OKX Freeze Assets appeared first on Tokenpost | Crypto, Web3, NFT, Metaverse, Gaming, Hardware news..

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