On May 3, TRON DAO's Twitter account was hacked. Founder Justin Sun urged OKX to freeze suspicious funds linked to the incident.
TRON DAO Account Compromised
On May 2, TRON DAO's Twitter account was compromised through social engineering. Justin Sun requested OKX to freeze funds linked to the breach.
OKX's Response and Security Issues
In response, OKX froze certain accounts and emphasized the need for legal coordination for further actions. The exchange confirmed its consumer protection policy, stating it cannot act solely on social media posts.
Market Status of TRON Post-Incident
According to CoinMarketCap, TRON (TRX) has a market cap of $23.31 billion, trading at $0.25 with a 0.71% decrease over 24 hours. Trading volumes reached $415 million, showing market volatility due to recent security challenges.
The TRON DAO Twitter hack highlights increased attention to security issues within cryptocurrency exchanges. Regulators and market participants are closely analyzing the situation, focusing on existing gaps in fund protection processes.
