Star_OKX
Star_OKX
Founder & CEO of OKX (since 2013). Crypto will eat the world. Self-custody is the future. Everything will be onchain. Tweets not financial advice.
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We sincerely apologize for the inconvenience caused. We understand that you may be an innocent user affected by this incident, and we fully empathize with your concerns and dissatisfaction.
Please temporarily avoid transferring funds directly from MEXC to OKX.
OKX manages risks related to FinCEN's special measures with prudence similar to financial sanctions. According to our compliance and risk control measures, funds from related platforms may be frozen for review, and the associated accounts may be subject to further investigation.
Although FinCEN has provided a 30-day transition period, OKX has chosen to significantly strengthen related risk control measures in advance rather than waiting until the deadline to take action.
Protecting user interests and maintaining the security and integrity of the financial system have always been OKX's highest priorities.
Thank you all for your understanding and cooperation.
Karlz Hoppins
🚨 CRYPTO USERS ARE BEING PENALIZED FOR TRANSFERRING THEIR OWN FUNDS!
We are facing a serious issue with OKX.
USDT deposits transferred from our own MEXC accounts are being frozen by OKX under the vague excuse of coming from a “potentially high-risk address.”
My deposits:
848.8 USDT – TRC20
11.7 USDT – ERC20
Both are currently under risk review.
We are not criminals. We are ordinary crypto users transferring our own assets between exchanges.
Following the recent FinCEN developments, MEXC stated that its services and user assets remain operational and secure. Yet users are now facing frozen funds and uncertainty on other platforms.
We demand clear answers:
What specific evidence justifies freezing these deposits?
How long will these risk reviews take?
What documents are required to verify the source of funds?
When will legitimate users regain access to their money?
Anti-money laundering compliance is important. But compliance must not become an excuse for indefinite restrictions, vague explanations, and financial hardship for innocent users.
@OKX @MEXC_Official
Our funds are not your property. Transparency is not optional. Release legitimate funds and treat your customers fairly!
If you are experiencing the same issue, speak up. Share your experience and help bring this matter to the attention of the global crypto community.
#OKX #MEXC #CryptoUsers #USDT #FinCEN #CryptoCommunity #FrozenFunds #Crypto
Let me briefly explain.
First of all, this is a very basic technical design and account security issue.
Under the OKX brand, we adhere to a fundamental principle:
Between different sites, UIDs must either remain unique globally, or users are not allowed to perform internal cross-site transfers solely based on UID.
The reason is simple: UID is the account identifier. If the same UID exists on different sites under the same brand and cross-site transfers are allowed by UID, it may cause errors in identifying the receiving account and risks of misdirected funds.
A thousand-mile dike can be destroyed by an ant's nest. All major risks accumulate from many small defects.
It is hard to understand why such a simple issue has become a hot topic in the Simplified Chinese X Crypto community.
What is even more baffling is that so many accounts are verbally abusing and personally attacking a user who suffered asset loss due to a platform defect, while simultaneously defending the related platform.
What kind of corporate culture and values are fueling this behind the scenes?
To all European crypto users navigating these changes: OKX Europe is here to serve you. 🇪🇺
We’re committed to providing a regulated platform with deep liquidity, competitive pricing, strong customer protection, and a comprehensive suite of trading and financial products.
OKX Europe offers access to EUR on- and off-ramps, spot trading, crypto and equity X-Perps, tokenized stocks, staking, OKX Pay, OKX Card, and much more under the applicable MiCA, MiFID, and PI regulatory frameworks.
Our Unified Trading Account also brings spot, margin, and derivatives together, improving capital efficiency and enabling more sophisticated trading strategies.
One regulated platform. Global liquidity. More products. Better trading experiences.
We’re here for the long term, and we’re ready to welcome you. 🇪🇺
Risk warning: Crypto is volatile. You can lose everything you invest in. OKX Europe Ltd, authorised by the MFSA.
Wu Blockchain
Binance France to Close Customer Accounts on December 31, Introduce Monthly Fees From November 29
According to Cryptoast, Binance France will close its customer accounts on December 31, 2026, after failing to obtain authorization under the EU's MiCA framework. Deposits have already been suspended. Citing a Binance customer email, Cryptoast reported that accounts still holding assets will incur a monthly management fee of 0.025%, with a minimum charge of 10 USDC, starting November 29. Crypto assets not withdrawn by December 31 may be converted, transferred, or otherwise handled under the Terms of Service. The closures apply to accounts held with the Binance France entity and do not mean Binance's global platform is closing all French users' accounts.
How much did OKX spend to hire Musk as a "shill"?
Some companies are so keen on cultivating shills to manipulate public opinion and steer narratives that they assume everyone else is doing the same.
When you're used to this routine, you think the whole world is like you, and you even throw your own dirt onto others.
Besides the so-called "shills," there are various real-life "Lü Bu" types. Today they might stab their former sworn father in the back, and tomorrow they could turn against their current sworn father.
OKX always expresses its views directly; it has neither the time nor the inclination to hire shills or Lü Bu types! OKX invests its time and resources in improving its own capabilities.
History is always strikingly similar. Time will strip away many disguises and ultimately reveal the truth.
I sincerely do not want to criticize competitors when they are facing a crisis. What I truly hope for is that we can work together with them to raise security standards and better protect the entire crypto industry.
But I have to say, the recent interview given by the so-called "richest man in crypto" who claims he no longer manages Binance (do you really believe that?) made me feel disgusted.
The entire interview was full of nonsense and misleading statements. He seemed to downplay the responsibility he should bear and even tried to find excuses for his failures by belittling the security of traditional banks.
In such a crisis, what we should see is accountability and industry leadership. But this interview felt like a continuous shirking of responsibility and shifting of focus.
This is absolutely not the kind of leadership our industry needs.
Since the incident occurred, this "richest man in crypto" seems unstoppable:
1. One of the most active people on social media. During the entire crisis, he was arguably the most vocal and active person related to Binance on social media.
2. Still has time to argue with Musk. During such a serious security crisis, he even had the energy to debate with Elon Musk (@elonmusk) about SpaceX stock investments.
3. Repeatedly emphasized that "only 2% of funds flowed out of Binance." As if this number alone could answer fundamental doubts about the platform's security.
4. Continued marketing campaigns to attract user deposits. Even while the crisis is ongoing, marketing efforts to bring in new funds have not stopped.
5. Tried to imply that traditional banks are less secure. How can a self-proclaimed professional crypto industry leader make such a misleading comparison? Traditional banks and crypto exchanges face fundamentally different threat models, attack surfaces, and consequences of security incidents. Making a simple comparison without this context is extremely irresponsible.
6. Almost every time he speaks, it seems he pushes a pregnant woman to the front line of the crisis. Meanwhile, he repeatedly adds the same disclaimer: "I no longer manage Binance."
At the same time, the entire crypto industry is paying the price for this crisis:
1. Bitcoin price reportedly dropped from about $81,000 to $75,000. The market suffered a clear impact amid the turmoil.
2. Tens of billions of dollars in leveraged positions were liquidated. Market volatility triggered massive forced liquidations.
3. The credibility of the entire crypto industry may be severely damaged again. Traditional capital markets, institutional investors, and global regulators may develop deeper doubts about the industry's security and trustworthiness.
After all this, their so-called "multi-layer security defense system" increasingly looks like a joke.
What our industry needs is not more excuses, not more PR talk, but genuine cooperation, real accountability, and effective user asset protection and security standard building.
Less shirking of responsibility, less marketing packaging, more real security investment and industry collaboration.
This is what I am more willing to invest my time and energy in promoting.
Even if they are competitors, I sincerely hope we can work together to get this right.
Many packages and performances have ultimately proven to be nothing but makeshift troupes!
According to reports, a $6.3 billion security incident actually started with an employee falling into a fake recruitment interview trap, which then involved two other employees, and internal AI tools may also have been implicated. Is this the so-called "defense in depth"?
I don't want to speculate too much on the failure of security controls by competitors.
But I want to remind every user in the crypto industry: in the crypto industry, an overly marketing-driven corporate culture can be extremely dangerous.
You might care about a few more percentage points of financial returns or some rewards from marketing campaigns. But hackers and scammers are targeting your 100% principal.
In the crypto industry, security, responsibility, and compliance should always come before marketing. No matter how high the returns or how tempting the promotional rewards, they can never make up for the damage caused by principal loss.
Choose platforms that truly prioritize protecting your assets, not just those that try every trick to attract your funds.
A reported $6.3 billion incident allegedly began with a single employee falling for a fake job interview, then spread to two more employees, with internal AI tools potentially involved. So much for the so-called multi-layer defense.
I don’t want to speculate about a competitor’s control failures.
But I do want every crypto user to understand one thing: a marketing-driven culture can be extremely dangerous in the crypto industry.
You may be attracted by a few extra percentage points of yield or some promotional bonuses. Hackers and fraudsters are after 100% of your principal.
In crypto, security, responsibility, and compliance must always come before marketing. No amount of yield or promotional rewards can compensate for losing your original funds.
Choose platforms that prioritize protecting your assets, not just attracting them.
Great to keep building with Mastercard. 🤝
Stablecoins are moving beyond trading and becoming part of everyday financial life.
With OKX Card, we’re connecting digital assets to real-world payments—making spending as simple and seamless as using any traditional card, while rewarding users along the way.
More to come. 🚀
Thank you for your trust, OKX will definitely live up to it. 🙏
OKX always regards security and the protection of customer assets as the top lifeline.
In fact, OKX detects and responds to various cyberattacks every month, including advanced persistent threat (APT) attacks targeting the crypto industry. It is the security system, technical capabilities, and practical experience accumulated continuously over the past 13 years that enable us to maintain stable operations under complex security threats.
More than a year ago, OKX launched automated penetration testing based on LLM, continuously enhancing the depth, breadth, and efficiency of security testing, further strengthening our security defense capabilities in the AI era.
We are confident that OKX will be even more secure in the future. But we also clearly understand that security never has an endpoint, and we must never become complacent because of past achievements.
Regarding the recent security incidents faced by our peers, we will earnestly learn from the experience, comprehensively strengthen self-inspection, continuously improve the security system, and always remain humble and vigilant.
Protecting customer assets is the bottom line that OKX will never compromise.
ron521520
Is OKX the only one in the entire crypto circle that hasn't been hacked???
I entered the circle in 2023-24, and in these 3 years since I joined, Bybit, Gate, Bitget, and Binance have all been hacked.
The Binance hack is especially devastating; 80% of my assets are on Binance. Binance can still cover the stolen assets this time, but if 60 billion or 100 billion were stolen, the principal would definitely shrink.
The most ridiculous thing is, 8 hours before the hack, I was still consolidating funds from other exchanges into Binance.
Adhering to the principle of not putting all eggs in one basket, today I planned to diversify some funds to OKX.
After consolidating, I got worried that hackers might target the only remaining OKX, since in the past two years, only OKX hasn't been hacked. If it gets hacked right after I put money in, that would be really frustrating. Not being hacked doesn't mean it will never be hacked.
I hope @Haiteng_okx @star_okx @okxchinese @misaENFP can take some time to thoroughly re-examine the hot wallets, permissions, supply chain, and internal processes, and raise the protection level one notch.
Diversifying holdings + self-custody of some assets is true risk management. Everyone, please be cautious too.
