A conflict between crypto exchange OKX and Tron founder Justin Sun has escalated following accusations of inaction regarding a request to freeze stolen funds.
Star Xu's Defense
OKX founder and CEO Star Xu publicly defended his exchange after Justin Sun accused it of failing to act on a law enforcement request to freeze stolen funds. Xu stated, 'OKX also has a consumer protection policy according to law; we can’t freeze a customer’s funds based on your personal X post or oral communication.'
Lack of Communication with Law Enforcement
Xu noted that the exchange had not received any relevant requests through official channels. 'Our LE cooperation team just checked the email, including the spam box; we haven’t received any request related to this case,' he added.
Background of the Tron Incident
Justin Sun had previously claimed that OKX did not respond to a 'freeze notice' sent to its official email address from a 'relevant law enforcement agency.' Sun expressed concern that the stolen funds did not belong to him and said he was acting to protect the community. On May 3, Tron DAO informed its followers about a breach of its official account.
The conflict between OKX and Justin Sun raises important questions about security in the crypto industry and the responsibility of platforms in cases of hacks and breaches.
