OKX CEO Star Xu has responded to accusations from Tron founder Justin Solar, who claimed the change didn’t act on a regulation 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 regulation enforcement following the Might 3 breach, throughout which Tron’s X account was compromised.
The attacker reportedly posted a malicious sensible contract handle, despatched direct messages, and engaged with unfamiliar accounts.
Justin Solar Says OKX Ignored Freeze Request
In a now-deleted submit, Solar said that the change had been contacted through official e mail however had not responded, leaving him with “no different approach” to succeed in OKX’s compliance group.
“These stolen funds don’t belong to me; I’m appearing to guard the neighborhood,” Solar claimed.
Star Xu dismissed the allegations. “OKX has a shopper safety coverage ruled by regulation,” Xu wrote on X.
“We are able to’t freeze a buyer’s funds primarily based in your private X submit or oral communication. Because the CEO of HTX, I feel it’s best to perceive this.”
Pricey Mr H.E. Justin Solar, our LE cooperation group simply checked the e-mail together with spam field, we haven’t acquired 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 regulation enforcement (LE) cooperation group reviewed its e 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 acquired any request associated with this case,” he mentioned.
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 pretend 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 Prime $1.74 Billion in 4 Months
Hackers stole over $92.4 million from crypto tasks in April 2025 alone, in response to blockchain safety agency Immunefi.
The determine represents a 27.3% year-over-year improve 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 change KiloEx was hit for $7.5 million.
Different affected tasks 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 large breaches of centralized exchanges Phemex and Bybit.
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