Tron (TRX) Faces Public Dispute Between OKX CEO and Justin Sun Over Alleged Freeze Notice

A public disagreement has emerged between OKX CEO Star Xu and TRON founder Justin Sun regarding an alleged freeze notice for stolen funds. Sun claims that law enforcement sent a request to OKX’s official email but received no response, while Xu asserts that no such request was found after a thorough check. This dispute highlights potential communication gaps in the cryptocurrency industry’s compliance processes.

OKX CEO Star Xu Challenges Justin Sun Over Alleged Freeze Notice Dispute

A public spat has erupted between OKX CEO Star Xu and TRON founder Justin Sun over alleged communication failures regarding a freeze notice for stolen funds. Sun claimed law enforcement sent a request to OKX’s official email but received no response, stating he had "no other means of contacting OKX’s compliance team."

Xu countered that OKX’s legal cooperation team found no such request after checking all inboxes, including spam. The dispute highlights tensions between exchanges and high-profile blockchain figures in handling security incidents.

TRON’s X Account Compromised in Targeted Social Engineering Attack

TRON, the organization behind one of the world’s largest blockchain networks, confirmed its X account was hacked on May 2, 2025. The breach, attributed to a social engineering attack, lasted from 9:25 A.M. PST, during which an unauthorized party posted a suspicious contract address and engaged in malicious activities.

The attacker targeted a TRON team member to gain access, then exploited the compromised account to disseminate a fraudulent smart contract. Direct messages were sent to users, and unknown accounts were followed in an attempt to amplify the attack’s reach.

Post-incident analysis reveals the breach was contained, but the incident underscores the persistent threats facing blockchain platforms. TRON’s swift response mitigated potential damage, though the event highlights vulnerabilities in social media security for crypto projects.

TRON (TRX) Price Nears Critical Support Amid Bearish Signals

TRON’s TRX faces mounting selling pressure as it struggles to hold above $0.245, with technical indicators flashing warning signs. The RSI’s approach toward oversold territory and a bearish MACD crossover suggest weakening momentum, leaving the token vulnerable to further downside.

Price action hugging the lower Bollinger Band combined with sub-VWMA positioning reflects compressed volatility—a coiled spring that could snap in either direction. While oversold conditions may invite bargain hunters, any meaningful rebound hinges on sustained demand at current support levels.

Last week’s whipsaw movements—a sharp recovery to $0.250 followed by steep erosion of gains—epitomize the market’s fragile sentiment. Traders await either confirmation of breakdown or signs of accumulation at these levels.