OKX has responded to accusations made by Tron founder Justin Sun regarding the exchange’s alleged inaction after a hack targeted the TRON DAO X account.
Star Xu, the founder of OKX, defended the platform’s position, stressing that requests to freeze assets must follow legal and procedural standards.
The dispute emerged after hackers accessed the official TRON DAO X account and shared a post containing a suspicious contract address. The compromised account reportedly sent direct messages and followed several prominent figures. In the aftermath, Sun publicly asked OKX to freeze the wallet associated with the exploit.
OKX defends legal process
Star Xu stated that OKX follows strict legal requirements before freezing any customer funds. He explained that a request made through a personal X post or verbal communication cannot be considered valid. Xu emphasized that OKX has not received any formal complaint or supporting evidence through its official channels or even in spam folders.
Xu also referred to OKX’s Law Enforcement (LE) cooperation policy, which requires submitting preliminary evidence through proper channels. A freeze may be imposed temporarily if the evidence is compelling. However, extending the freeze demands a valid legal document. He questioned Sun on X, asking why no such request had been submitted.
Sun replied that he would contact Xu privately. Xu reiterated that no formal correspondence had been received, suggesting Sun had not taken the required procedural steps. The incident triggered backlash within the crypto community, with many users criticizing Sun for what they saw as an unprofessional handling of the situation.
Rise in high-profile account breaches
This incident occurs as the number of security breaches targeting X accounts continues to rise throughout the crypto sector. The attack on Kaito AI together with its founder’s accounts occurred during March. Before activating panic about wallet breaches the attackers performed a kaito token shorting strategy. The hijackers took control of the Pump.fun account on February 26 in order to advertise fraudulent tokens named PUMP.
Any users seeking information should avoid clicking links shared by this account because the breach occurred similarly to other incidents affecting DogWifCoin and Jupiter DAO as tracked by on-chain analyst ZachXBT. Even non-crypto figures have been affected. On April 15, UK Member of Parliament Lucy Powell’s account was hacked to promote a scam token called House of Commons Coin, raising further concerns about growing cyber threats.