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crypto.news 2025-05-04 12:00:00

Star Xu vs. Justin Sun: Drama over OKX freeze request heats up

A public debate between cryptocurrency exchange OKX and TRON founder Justin Sun has surfaced over alleged communication issues regarding a freeze notice for stolen funds. OKX CEO Star Xu has challenged Sun’s claims that the exchange failed to respond to law enforcement requests. The controversy began after Sun publicly stated that a “relevant law enforcement agency” had sent a freeze notice regarding stolen funds to OKX’s official email address. However, the police had received no response. Sun claimed he had “no other means of contacting OKX’s compliance team.” You might also like: A look into XRP stability and cloud mining potential OKX CEO claps back at Justin Sun According to Star, the exchange’s LE cooperation team checked the email, including the spam box, and mentioned that they hadn’t received any requests related to this case. He explained via X: “Dear Mr H.E. Justin Sun, our LE cooperation team just checked the email including spam box, we haven’t received any request related with this case. Can you give us the screenshot to show when the enforcement agency send the request to us?” Dear Mr H.E. Justin Sun, our LE cooperation team just checked the email including spam box, we haven’t received any request related with this case. Can you give us the screenshot to show when the enforcement agency send the request to us? @justinsuntron https://t.co/QIPFUbOqbi pic.twitter.com/lkHZWvk6fm — Star (@star_okx) May 3, 2025 Star further clarified OKX’s procedures for law enforcement cooperation and directed Sun to the exchange’s public policy. “OKX has public LE cooperation policy. You can offer some preliminary evidence of the incident through the public reporting channels…we will do a temporary urgent freeze according to the evidence. Then you should work with LE agents to offer us legal documents to continue the freeze,” he added. The OKX CEO also resisted Sun’s public demands. He mentioned that OKX has a consumer protection policy according to law. He insists that they can’t freeze a customer’s funds according to Sun’s personal X post or oral communication. Sun deleted his original tweet, though other users had captured it in screenshots. The deleted post claimed that OKX was not responding to official freeze notices from law enforcement regarding stolen funds. Read more: NFT sales jump 22% to $107m, Pudgy Penguins recover

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