OKX founder Star Xu denied rumors of his arrest

OKX founder Star Xu denied rumors of his arrest

The founder of the OKX cryptocurrency exchange, Star Xu, dispelled rumors about his detention in the United States, expressing dissatisfaction that this information quickly spread on social networks.

Chinese cryptojournalist Colin Wu helped spread the denials of the OKX founder about his arrest on the social network. The journalist explained that such rumors often arise in the Chinese community after the CEO of Binance's largest crypto exchange Changpeng Zhao was prosecuted in the United States.

There are rumors in the Chinese community that StarXu, the founder of OKX, the second largest cryptocurrency offshore exchange, is under investigation by the United States. Star posted three tweets to refute the rumors. Similar rumors often arise after CZ was criminally… — Wu Blockchain (@WuBlockchain) March 23, 2024

The head of the OKX Partnership Development department, Gala Wen, also called the information about Star Xu's legal problems false. Wen explained that information about arrests in the United States is publicly available, and anyone can check it on the government's website. Wen assured that OKX's American office is very large, so Xu personally comes there and does business.

This is not the first time Xu has encountered such rumors. In 2020, there were discussions on the Internet that Xu had been detained in China. This coincided with the temporary suspension of funds withdrawal from the exchange, which caused concern among traders.

The appearance of recent rumors about Xu's arrest followed after OKX ceased operations in India amid growing pressure from regulatory authorities — the exchange asked users to withdraw their assets by April 30, 2024.

Source: https://bits.media/osnovatel-okx-star-syuy-oproverg-slukhi-o-svoem-areste/

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