OKX: We Checked Everywhere, Including Spam — No Request Received

CEO Star Xu said that no notice regarding the issue was received through OKX’s official communication channels. In a now-deleted X post, Sun claimed that a “freeze notice” was sent by a relevant law enforcement agency to OKX’s official email address. Sun also said that he had no other means of reaching OKX’s compliance department.

In response, OKX stated: “Our law enforcement cooperation team checked all emails, including the spam folder. No request related to this case has been received.”

Xu added, “OKX operates under consumer protection policies in accordance with the law. We cannot freeze a customer’s funds based on a personal X post or verbal communication. As the CEO of HTX, I believe you should understand this.”

Background

On May 3, the Tron DAO announced to its 1.7 million followers that its official X account had been hacked. During the breach, a malicious crypto token contract address was posted, direct messages were sent to users, and unknown accounts were followed.

Following this, Justin Sun posted a now-deleted statement on X, urging OKX to respond:

“(…) The relevant law enforcement agency already sent a freeze notice to the official OKX email address, but police have not received a response. We have no other way of contacting OKX’s compliance team. This is a recently exposed public case, and related evidence is widely available online. Our shared goal is to fight fraudulent activity and protect the community. (…)”

OKX CEO Xu, after Sun’s public accusations, urged him to share a screenshot showing when and where the alleged law enforcement request was submitted.

Similar X Hack Cases in 2025

On March 15, Kaito AI and its founder Yu Hu were hacked via their X accounts. Hackers took a short position on KAITO tokens and then posted false warnings that users’ wallets were compromised.

Just weeks earlier, on February 26, the Pump.fun X account was hijacked to promote a fake governance token called “PUMP” and other scam coins. Additionally, on April 15, the X account of UK Member of Parliament Lucy Powell was hacked and used to promote fraudulent crypto tokens.

The post OKX Fires Back at Justin Sun Over the Ongoing “Fund Freeze” Dispute! appeared first on Coin Engineer.

A Fresh Start in the US: New CEO and Headquarters

According to the official announcement, Roshan Robert has been appointed to lead OKX’s US operations. Previously a director at Barclays, Robert stated that the company has established a new regional headquarters in San Jose, California.

Robert said:

“I’m thrilled to launch OKX’s centralized crypto exchange and OKX Wallet in the US. This will elevate user experience with stronger liquidity, lower fees, and advanced trading tools.”

Gradual Transition: Solid Steps Over Speed

OKX will onboard its US users to the new platform gradually, not all at once. This approach is aimed at ensuring a secure and seamless transition. Existing OKCoin users will be automatically migrated to the new platform.

A full nationwide launch is scheduled for the end of 2025.

Additionally, the company will offer local bank integrations and support major digital assets like Bitcoin, Ethereum, USDt, and USDC.

OKX Wallet Launches for US Users

Not just an exchange, OKX also aims to offer a powerful multi-chain wallet solution to its US customers. The OKX Wallet is now available for use in the country.

The wallet is compatible with over 130 blockchains and includes a decentralized exchange (DEX) aggregator, providing access to over 10 million tokens across networks such as Ethereum, Solana, and Base.

Lessons from the Past: Focus on Compliance and Transparency

This new chapter follows a period of serious regulatory challenges for OKX. The company had previously admitted to operating an unlicensed money transmission business and agreed to pay a total of $505 million in penalties.

Under the settlement, OKX committed to:

• $84 million in fines

• $421 million in forfeited revenue

Following this, the company stated that it would collaborate with an independent compliance consultant and aims to meet the highest regulatory standards globally.

OKX CEO Star Xu shared the following:

“Our goal is to make OKX the gold standard of global compliance and build a trusted framework across different markets.”

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The post OKX Returns to the US: A New Era Begins After Settlement appeared first on Coin Engineer.