OKX CEO Star Xu has responded to accusations from Tron founder Justin Solar, who claimed the alternate didn’t act on a legislation enforcement request to freeze stolen funds linked to a hack of Tron’s official X account.
Solar alleged that OKX ignored a “freeze discover” from legislation enforcement following the Might 3 breach, throughout which Tron’s X account was compromised.
The attacker reportedly posted a malicious good contract deal with, despatched direct messages, and engaged with unfamiliar accounts.
Justin Solar Says OKX Ignored Freeze Request
In a now-deleted submit, Solar acknowledged that the alternate had been contacted through official electronic mail however had not responded, leaving him with “no different method” to achieve OKX’s compliance group.
“These stolen funds don’t belong to me; I’m performing to guard the neighborhood,” Solar claimed.
Star Xu dismissed the allegations. “OKX has a client safety coverage ruled by legislation,” Xu wrote on X.
“We will’t freeze a buyer’s funds based mostly in your private X submit or oral communication. Because the CEO of HTX, I believe you must perceive this.”
Pricey Mr H.E. Justin Solar, our LE cooperation group simply checked the e-mail together with spam field, we haven’t obtained any request associated with this case. Are you able to give us the screenshot to point out when the enforcement company ship the request to us? @justinsuntron https://t.co/QIPFUbOqbi pic.twitter.com/lkHZWvk6fm
— Star (@star_okx) Might 3, 2025
Xu added that OKX’s legislation enforcement (LE) cooperation group reviewed its electronic mail accounts, together with spam folders, and located no official request associated to the case.
“Our LE cooperation group simply checked the e-mail, together with the spam field; we haven’t obtained any request associated with this case,” he stated.
Xu additionally posted a screenshot of Solar’s authentic deleted message and challenged him to share proof of the alleged freeze discover, together with the time and supply of the request.
The incident provides to a rising record of social media hacks within the crypto area.
On March 15, Yu Hu, founding father of crypto AI platform Kaito, had his account hijacked to unfold false warnings about compromised wallets—shortly after attackers opened a brief place in KAITO tokens.
Equally, on Feb. 26, the Pump.enjoyable X account was compromised to advertise a faux governance token.
In one other occasion, UK MP Lucy Powell’s X account was hacked on April 15 to advertise a rip-off token.
Crypto Hacks Surge in 2025 as Losses High $1.74 Billion in 4 Months
Hackers stole over $92.4 million from crypto initiatives in April 2025 alone, in line with blockchain safety agency Immunefi.
The determine represents a 27.3% year-over-year enhance and greater than double the losses reported in March.
April’s assaults occurred throughout 15 incidents, with two main exploits accounting for the majority of the injury.
UPCX, an open-source platform, misplaced $70 million in a single assault, whereas decentralized alternate KiloEx was hit for $7.5 million.
Different affected initiatives included Loopscale, ZKsync, Time period Labs, and Bitcoin Mission, every experiencing losses exceeding $1 million.
Cumulatively, the primary 4 months of 2025 have already seen $1.74 billion in crypto losses—greater than all of 2024, which totaled $1.49 billion.
Immunefi beforehand famous that Q1 2025 was the worst quarter for hacks in crypto historical past, pushed largely by huge breaches of centralized exchanges Phemex and Bybit.
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