Tron (TRX) Faces Security Controversy as OKX CEO Responds to Justin Sun’s Allegations

OKX CEO Star Xu has publicly addressed allegations from TRON founder Justin Sun, who accused the exchange of failing to act on a law enforcement request to freeze stolen funds tied to a hack of Tron’s official X account. Sun claimed OKX ignored a formal freeze notice following the May 3 breach, which saw Tron’s X account compromised by an attacker posting malicious smart contract addresses and engaging with suspicious accounts. This incident has raised concerns about the security and responsiveness of exchanges in handling high-profile crypto breaches.

OKX CEO Defends Exchange Amid Justin Sun Freeze Dispute

OKX CEO Star Xu has publicly addressed allegations from TRON founder Justin Sun, who accused the exchange of failing to act on a law enforcement request to freeze stolen funds tied to a hack of Tron’s official X account. Sun claimed OKX ignored a formal freeze notice following the May 3 breach, which saw Tron’s X account compromised by an attacker posting malicious smart contract addresses and engaging with suspicious accounts.

In a since-deleted post, Sun asserted that OKX’s compliance team remained unresponsive despite official outreach, forcing him to escalate the matter publicly. "These stolen funds do not belong to me; I’m acting to protect the community," Sun stated. Xu dismissed the allegations without detailed rebuttal, leaving the crypto community awaiting further clarity on the exchange’s compliance protocols.

OKX Rejects Justin Sun’s Request to Freeze Funds Amid TRON DAO Hack Fallout

OKX founder Star Xu publicly challenged Justin Sun’s demand to freeze user funds linked to a recent TRON DAO exploit. The dispute follows a security breach where a hacker gained unauthorized access to TRON DAO’s communication channels, disseminating a malicious contract address via direct messages and posts.

"Consumer protection laws govern all exchanges," Xu stated on X, emphasizing OKX’s compliance with legal protocols. "We cannot freeze customer assets based solely on social media posts or verbal requests—a principle you should understand as HTX’s CEO." The rebuke underscores tensions between centralized exchanges and blockchain projects over fund seizure protocols.

Justin Sun Accuses First Digital Trust of Misusing $500 Million via Dubai Banks

Tron founder Justin Sun has leveled serious allegations against First Digital Trust (FDT), claiming the firm misappropriated $500 million through multiple Dubai-based financial institutions. In a May 3 social media post, Sun identified Mashreq Bank, Emirates NBD, Abu Dhabi Islamic Bank, and EFG as recipients of the disputed funds.

Sun called on Dubai authorities to investigate FDT executives including CEO Vincent Chok and five other named individuals. The accused allegedly exploited their positions to divert customer assets, according to Sun’s claims. The allegations emerge as Dubai intensifies efforts to establish itself as a cryptocurrency hub, potentially complicating regulatory discussions.