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OKX founder defends asset freezes after user admits buying KYC accounts

January 12, 2026 by DIGIT
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OKX founder defends asset freezes after user admits buying KYC accounts

Star Xu defended freezing $40,000 in stablecoins after a user admitted buying verified accounts, with the exchange citing strict KYC and AML obligations.

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  • bitcoinBitcoin(BTC)$90,157.00-0.82%
  • ethereumEthereum(ETH)$3,073.65-1.20%
  • tetherTether(USDT)$1.000.00%
  • rippleXRP(XRP)$2.05-2.33%
  • binancecoinBNB(BNB)$894.87-1.98%
  • solanaSolana(SOL)$139.071.03%
  • usd-coinUSDC(USDC)$1.00-0.04%
  • tronTRON(TRX)$0.297337-0.72%
  • staked-etherLido Staked Ether(STETH)$3,073.27-1.15%
  • dogecoinDogecoin(DOGE)$0.135678-3.42%
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  • bitcoinBitcoin(BTC)$90,157.00-0.82%
  • ethereumEthereum(ETH)$3,073.65-1.20%
  • tetherTether(USDT)$1.000.00%
  • rippleXRP(XRP)$2.05-2.33%
  • binancecoinBNB(BNB)$894.87-1.98%
  • solanaSolana(SOL)$139.071.03%
  • usd-coinUSDC(USDC)$1.00-0.04%
  • tronTRON(TRX)$0.297337-0.72%
  • staked-etherLido Staked Ether(STETH)$3,073.27-1.15%
  • dogecoinDogecoin(DOGE)$0.135678-3.42%