“OKX cannot freeze a customer’s funds based on a personal X post or verbal communication. We follow legal consumer protection policies. As a CEO yourself, you should understand this,” Xu said. He added that no such request had been received via official channels. “Our LE team checked all inboxes — including spam. No request related to this case was found,” Xu stated.

Tron DAO Confirms Account Breach

On May 3, Tron DAO informed its 1.7 million followers that the organization’s X account was compromised. The hacker reportedly shared a malicious smart contract address, sent suspicious DMs, and followed random accounts.

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Sun claimed, “These stolen funds are not mine. I’m acting to protect the community.” His original post, which accused OKX of negligence, was later deleted. Xu responded by asking Sun to publicly share a screenshot of the alleged law enforcement request.

Crypto Twitter Faces Wave of Hacks

The Tron incident follows a series of high-profile security breaches targeting crypto accounts on X. On March 15, Kaito AI and its founder Yu Hu were hacked; attackers shorted KAITO tokens and posted fake security alerts.

Earlier on February 26, Pump.fun’s X account was hijacked to promote a fraudulent governance token. On April 15, UK MP Lucy Powell also had her account compromised to push a scam crypto coin.

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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.

TOKEN2049, one of the most prominent events in the crypto world, has unveiled its first lineup of headline speakers and major sponsors, marking its much-anticipated return to Singapore. Set for 18-19 September 2024 at the iconic Marina Bay Sands, the event coincides with the prestigious Formula 1 Singapore Grand Prix weekend.

This year’s event is expected to draw an impressive 20,000 participants from over 150 countries, solidifying its status as a global hub for industry leaders and cultural influencers. Following the record-breaking success of TOKEN2049 Singapore in 2023, this year promises to be even bigger, featuring a jam-packed schedule with more than 500 side events across the city-state from 16-22 September. With 90% of exhibition space already sold amid high demand, ticket prices will rise today, 28 June, at 11:59 PM (GMT+8).

TOKEN2049 Singapore promises to offer a unique festival-like atmosphere, combining the latest Web3 innovations with entertainment across multiple levels of the venue. Participants will experience everything from interactive VR zones to immersive AI art installations, as well as thrilling activities like rock climbing, padel tennis, cage football, and martial arts demonstrations. TOKEN2049 is set to redefine the conference experience, merging education and entertainment in one extraordinary event. Attendees can traverse the city in TOKEN2049-branded buses or traditional pedalled trishaws, making it easy to explore all that the festival week has to offer.

A new feature of this year’s TOKEN2049 is the debut of its startup competition, which aims to spotlight the next wave of groundbreaking Web3 projects. Hundreds of emerging companies will be rigorously assessed, with the top 10 most innovative ones selected to showcase their work on the global stage for the first time.

In anticipation of this year’s largest and most immersive iteration of TOKEN2049, Co-Founder Alex Fiskum expressed his enthusiasm: “TOKEN2049 has always served as a global stage for the convergence of ideas, technology, and culture. This year, we’re taking the conference to a whole new level, delivering a show-stopping experience. With 20,000 participants and over 500 side events, TOKEN2049 Singapore is set to surpass all expectations and break all previous records. This is just the beginning of what will undoubtedly be the most impactful Web3 event globally, and we’re excited to reveal more in the coming months.”

Among the first 200 confirmed speakers are major names like Richard Teng, CEO of Binance; Anatoly Yakovenko, Founder of Solana; Balaji Srinivasan, investor and author of The Network State; whistleblower Edward Snowden; Arthur Hayes, CIO of Maelstrom; and Emad Mostaque, Founder of Schelling AI. More key figures from the industry will be announced as the event draws closer.

TOKEN2049 Singapore’s title sponsors include OKX, a leading crypto exchange and Web3 company; BingX, a prominent crypto exchange and Chelsea FC partner; TRON DAO, which champions decentralized commerce; DWF Labs, a new generation Web3 investor; Bitget, a top cryptocurrency exchange and Web3 platform; and Bullish, one of the fastest-growing regulated digital asset exchanges in the world.

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This initiative builds on TRON’s work partnering with Google Cloud to make its data accessible in BigQuery, Google Cloud’s fully managed, serverless data warehouse. Having TRON data on BigQuery offers advanced analytics for developers to analyze blockchain transactions and smart contract details on the TRON network. This not only facilitates data-driven decision-making processes, but also paves the way for the development of more sophisticated decentralized applications (dApps). BigQuery’s scalability and cost-effectiveness aligns with the vision of an accessible decentralized internet by strengthening the TRON ecosystem.

TRON will also use solutions such as Google Cloud’s Compute Engine and Kubernetes Engine, which strengthen the Web3 space. These solutions provide scalable computing resources and management of container-based applications.

TRON DAO Ecosystem Leader Dave Uhriyniak expressed his excitement about this collaboration and said:
“This initiative with Google Cloud is an important step in TRON DAO’s journey to decentralize the web and make blockchain technology more widespread. Google Cloud’s nomination as a Super Agent reinforces our shared vision for a secure, innovative and decentralized future.”

Rishi Ramchandani, Head of Web3 at Google Cloud APAC, added:

“At Google Cloud, we are committed to enabling developers to easily build Web3 products on our efficient, secure and reliable infrastructure. We look forward to making this infrastructure available to the TRON ecosystem.”

With its high-performance blockchain supporting smart contracts, dApps and a wide range of digital assets, TRON offers fast and low-cost transactions, creating an attractive platform for developers and users.

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