In a latest flip of occasions, rumors have circulated concerning OKX Founder Star Xu’s arrest by American authorities. Nonetheless, Xu has refuted the claims by posting messages on his official X account.
Chinese language crypto journalist Colin Wu just lately shared an X put up, offering updates on the rumors surrounding america’ scrutiny over OKX Founder. In keeping with Wu’s X put up, Xu has shared three X posts in an try and dismiss the rumors. The reporter additionally shared insights on related rumors that have been frequent after Binance founder Changpeng Zhao’s prosecution within the US.
There are rumors within the Chinese language neighborhood that StarXu, the founding father of OKX, the second largest cryptocurrency offshore alternate, is beneath investigation by america. Star posted three tweets to refute the rumors. Related rumors usually come up after CZ was criminally…
— Wu Blockchain (@WuBlockchain) March 23, 2024
Alvin, a outstanding voice within the crypto sphere, took to X to touch upon the prevailing rumors about Xu and his detention. He wrote that the neighborhood is concerned by the information spreading in regards to the rising scrutiny and Xu’s arrest. Nonetheless, he asserted that the information is probably going a rumor, stating,
I feel it’s most definitely a rumor. They need to pressure OKB to be raped.
Subsequently, Xu posted an offended face emoji in response to Alvin’s message, expressing his outrage on the rumors.
😡 https://t.co/3FNZzllctd
— Star (@star_okx) March 22, 2024
The rumors got here following OKX’s essential determination to close down in India amidst rising regulatory challenges. In December 2023, the Monetary Intelligence Unit (FIU) of India warned 9 overseas crypto exchanges, together with OKX, towards their non-compliance with the nation’s registration legal guidelines.
On March 21, OKX requested its Indian prospects to shut their accounts and withdraw their funds by April 30. The platform famous, “We remorse to tell you that OKX is now not offering companies to customers in India.”
Disclaimer: The data introduced on this article is for informational and academic functions solely. The article doesn’t represent monetary recommendation or recommendation of any variety. Coin Version shouldn’t be answerable for any losses incurred because of the utilization of content material, merchandise, or companies talked about. Readers are suggested to train warning earlier than taking any motion associated to the corporate.