Market Cap
24h Vol
10071
Cryptocurrencies
58.26%
Bitcoin Share

Tension Arises Between Justin Sun and an Exchange CEO Following Yesterday’s Incident

Tension Arises Between Justin Sun and an Exchange CEO Following Yesterday’s Incident


BitcoinSistemi
2025-05-03 16:07:07
Tension Arises Between Justin Sun and an Exchange CEO Following Yesterday’s Incident

TRON DAO's official X (formerly Twitter) account has been hijacked by malicious people. A fraudulent contract address was shared through the account, while direct messages were sent to some users and different accounts were started to be followed. It was stated that a member of the TRON team was targeted and his account was compromised as a result of a social engineering attack. Following this incident, it was reported that some users experienced asset losses. TRON founder Justin Sun called on cryptocurrency exchange OKX following the incident. Sun requested that the funds transferred to OKX as a result of the fraud be frozen and an immediate investigation be launched into the incident. “Following the illegal takeover of the TRON DAO X account, we call for the immediate freezing and investigation of the fraudulent proceeds deposited into OKX. We believe that OKX will act responsibly and will not allow its platform to become a haven for fraudulent proceeds. Law enforcement has already been notified of the incident and an investigation has been launched,” Justin Sun said in a statement. Related News: Are the Expected FED Interest Rate Cuts Coming? BlackRock Investment Manager Comments In response, OKX CEO Star Xu publicly responded to Sun's statement. Xu stated that OKX has a policy of cooperating with law enforcement agencies and that official documents are required for the freezing of funds. Star Xu explained: “Mr. Justin Sun, OKX has a public law enforcement cooperation policy. You can submit some preliminary evidence regarding the incident through public reporting channels, and we can temporarily freeze it. Then, you need to provide official documents in cooperation with law enforcement agencies. OKX also has a legal consumer protection policy; we cannot freeze a customer’s funds based on a personal X post or verbal communication. As the CEO of HTX, I expect you to understand this.” *This is not investment advice. Continue Reading: Tension Arises Between Justin Sun and an Exchange CEO Following Yesterday’s Incident

Most Read News

Related News


Read the Disclaimer : All content provided herein our website, hyperlinked sites, associated applications, forums, blogs, social media accounts and other platforms (“Site”) is for your general information only, procured from third party sources. We make no warranties of any kind in relation to our content, including but not limited to accuracy and updatedness. No part of the content that we provide constitutes financial advice, legal advice or any other form of advice meant for your specific reliance for any purpose. Any use or reliance on our content is solely at your own risk and discretion. You should conduct your own research, review, analyse and verify our content before relying on them. Trading is a highly risky activity that can lead to major losses, please therefore consult your financial advisor before making any decision. No content on our Site is meant to be a solicitation or offer.