OKX Rejects Justin Sun’s Freeze Request Following TRON DAO Hack

By: coinfea|2025/05/04 19:30:01
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OKX has responded to accusations made by Tron founder Justin Sun regarding the exchange’s alleged inaction after a hack targeted the TRON DAO X account. Star Xu, the founder of OKX, defended the platform’s position, stressing that requests to freeze assets must follow legal and procedural standards.The dispute emerged after hackers accessed the official TRON DAO X account and shared a post containing a suspicious contract address. The compromised account reportedly sent direct messages and followed several prominent figures. In the aftermath, Sun publicly asked OKX to freeze the wallet associated with the exploit.OKX defends legal processStar Xu stated that OKX follows strict legal requirements before freezing any customer funds. He explained that a request made through a personal X post or verbal communication cannot be considered valid. Xu emphasized that OKX has not received any formal complaint or supporting evidence through its official channels or even in spam folders.Xu also referred to OKX’s Law Enforcement (LE) cooperation policy, which requires submitting preliminary evidence through proper channels. A freeze may be imposed temporarily if the evidence is compelling. However, extending the freeze demands a valid legal document. He questioned Sun on X, asking why no such request had been submitted.Sun replied that he would contact Xu privately. Xu reiterated that no formal correspondence had been received, suggesting Sun had not taken the required procedural steps. The incident triggered backlash within the crypto community, with many users criticizing Sun for what they saw as an unprofessional handling of the situation.Rise in high-profile account breachesThis incident occurs as the number of security breaches targeting X accounts continues to rise throughout the crypto sector. The attack on Kaito AI together with its founder’s accounts occurred during March. Before activating panic about wallet breaches the attackers performed a kaito token shorting strategy. The hijackers took control of the Pump.fun account on February 26 in order to advertise fraudulent tokens named PUMP. Any users seeking information should avoid clicking links shared by this account because the breach occurred similarly to other incidents affecting DogWifCoin and Jupiter DAO as tracked by on-chain analyst ZachXBT. Even non-crypto figures have been affected. On April 15, UK Member of Parliament Lucy Powell’s account was hacked to promote a scam token called House of Commons Coin, raising further concerns about growing cyber threats.The post OKX Rejects Justin Sun’s Freeze Request Following TRON DAO Hack first appeared on Coinfea.

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WEEX P2P update: Country/region restrictions for ad posting

To improve ad security and matching accuracy, WEEX P2P now allows advertisers to restrict who can trade with their ads based on country or region. Advertisers can select preferred counterparty locations for a safer, smoother trading experience.

 

I. Overview

When publishing P2P ads, advertisers can now set the following:

Allow only counterparties from selected countries or regions to trade with your ads.

With this feature, you can:

Target specific user groups more precisely.Reduce cross-region trading risks.Improve order matching quality.

 

II. Applicable scenarios

The following are some common scenarios:

Restrict payment methods: Limit orders to users in your country using supported local banks or wallets.Risk control: Avoid trading with users from high-risk regions.Operational strategy: Tailor ads to specific markets.

 

III. How to get started

On the ad posting page, find "Trading requirements":

Select "Trade with users from selected countries or regions only".Then select the countries or regions to add to the allowlist.Use the search box to quickly find a country or region.Once your settings are complete, submit the ad to apply the restrictions.

 

When an advertiser enables the "Country/Region Restriction" feature, users who do not meet the criteria will be blocked when placing an order and will see the following prompt:

If you encounter this issue when placing an order as a regular user, try the following solutions.

Choose another ad: Select ads that do not restrict your country/region, or ads that allow users from your location.Show local ads only: Prioritize ads available in the same country as your identity verification.

 

IV. Benefits

Compared with ads without country/region restrictions, this feature provides the following improvements.

Aspect

Improvement

Trading security

Reduces abnormal orders and fraud risk

Conversion efficiency

Matches ads with more relevant users

Order completion rate

Reduces failures caused by incompatible payment methods

V. FAQ

Q1: Why are some users not able to place orders on my ad?
A1: Their country or region may not be included in your allowlist.

 

Q2: Can I select multiple countries or regions when setting the restriction?
A2: Yes, multiple selections are supported.

 

Q3: Can I edit my published ads?
A3: Yes. You can edit your ad in the "My Ads" list. Changes will take effect immediately after saving.

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