Recent debates between cryptocurrency exchange OKX and TRON founder Justin Sun revolve around alleged communication issues regarding a freeze notice for stolen funds.
Discussion of the Issue
The dispute arose after Justin Sun claimed that a relevant law enforcement agency had sent a freeze notice regarding stolen funds to OKX's official email. However, according to Sun, the police received no response from the exchange.
OKX's Response to Accusations
OKX CEO Star Xu challenged Sun’s claims, stating that the exchange's law enforcement cooperation team checked the email, including the spam folder, and found no requests related to the case. He urged Sun to provide a screenshot from the enforcement agency.
Consequences for Both Parties
Star also emphasized OKX's public policy for cooperation with law enforcement, stating that the exchange cannot freeze a customer's funds based on public demands or verbal communications, and that formal documentation is required. Sun deleted his original tweet that claimed OKX was unresponsive to official freeze notices.
The debate between OKX and Justin Sun highlights the importance of transparent communication between cryptocurrency exchanges and law enforcement, as well as adherence to established procedures in such situations.
