OKX CEO Clarifies Protocol Amid Justin Sun’s Allegations Over Tron(TRX) Hack Response

In a recent development, OKX CEO Star Xu has responded to allegations made by TRON founder Justin Sun regarding the exchange’s handling of a hack incident involving Tron’s official X account. Xu emphasized OKX’s commitment to following transparent law enforcement procedures and urged Sun to provide formal evidence through official channels. The incident has sparked discussions about security protocols in the cryptocurrency space, particularly concerning Tron(TRX). Below is a detailed summary of the events and their implications.

OKX CEO Responds to Justin Sun’s Allegations Over Stolen Funds Freeze Request

OKX CEO Star Xu has publicly addressed claims by Tron founder Justin Sun that the exchange neglected to freeze stolen assets following a hack on Tron’s official X account. Xu emphasized OKX’s adherence to transparent law enforcement protocols, urging Sun to submit formal evidence through established channels.

"We cannot act on social media posts or verbal requests," Xu stated, referencing OKX’s consumer protection policies. The exchange maintains it will enact emergency freezes only upon receipt of verifiable proof meeting legal criteria.

Tron’s USDT Supply Hits All-Time High Amid TRX Price Stagnation

Tron’s ecosystem demonstrates robust growth as its USDT supply nears $71 billion, closing in on Ethereum’s $75 billion dominance. Long-term TRX holders now exceed 2.66 million, signaling deepening conviction in the network’s utility.

Despite these fundamental strengths, TRX remains trapped below $0.273 resistance, with exchange flows reflecting market caution. The divergence between on-chain metrics and price action suggests external market forces are overriding Tron’s improving liquidity position.

Tron’s DEX Trading Volume Hits $750M Yearly High as TRX Eyes $0.26

Tron’s TRX demonstrates resilience, holding steady above its weekly support level of $0.244 while eyeing a potential climb to $0.260. The network’s decentralized exchanges have processed over $750 million in trades this week—a yearly peak signaling robust liquidity and user engagement.

Stablecoin adoption on Tron continues its upward trajectory, with market capitalization approaching $72 billion. This growth reflects deepening trust in the ecosystem’s infrastructure as both traders and institutions increasingly utilize its low-cost, high-speed blockchain for dollar-pegged transactions.