Content Index
Toggle
Overseas KOL Calls for Avoidance of OKX
OKX CEO Clarifies
Community Worries About Being Victims of “Poisoning”
Today, an overseas KOL named Satoshi Friends posted a tweet on X, claiming that starting from May 2024, the user policy for OKX exchange regarding users from the Commonwealth of Independent States (CIS) has undergone a drastic change, resulting in the official blocking of their account.
Additionally, they pointed out that KOLs promoting OKX may not only bear financial risks but also face reputational risks. Other KOL friends of theirs have encountered similar issues, including account blocks and withdrawal restrictions. Consequently, they urged the public to immediately withdraw all funds from OKX and permanently cease using the exchange.
In response to Satoshi Friends’ post, OKX CEO Xu Mingxing clarified on social media that the blocking of Satoshi Friends’ account is unrelated to their CIS identity, but rather due to violations of the platform’s sanction control policies. Xu Mingxing explained:
“You have several important transactions related to sanctioned exchanges or decentralized finance (DeFi) protocols. We allowed you to withdraw your ‘clean’ funds before your account was blocked. You requested to set up a new account and transfer your data from the old account to the new one. We really cannot do that, as it would circumvent our compliance policies.”
Furthermore, Xu Mingxing stated that OKX does not provide services to any individuals or entities listed on the SDN blacklist. He also emphasized that if the platform’s sanction control mechanisms are triggered due to customer deposits or withdrawals from “sanctioned exchanges or DeFi protocols (such as Garantex or Tornado Cash),” the compliance team at OKX may freeze the related funds and cancel that account. Xu Mingxing sternly warned:
“Anyone depositing from Tornado Cash to OKX or withdrawing from OKX to Tornado Cash will trigger account termination, and no one is exempt.”
However, this statement has raised concerns within the community, as there have been numerous past incidents involving large-scale “poisoning” through Tornado Cash, where a minimal amount of “contaminated assets” is sent to another person’s wallet address, leading to that individual being flagged as a warning account.
In response, Xu Mingxing stated that each case would be thoroughly investigated by compliance officers, and if it is indeed deemed a passive poisoning incident, it would not affect the user’s account usage.
Nonetheless, due to the diverse nature of such poisoning attacks and the lack of transparency in OKX’s judgment criteria, many individuals remain skeptical about OKX’s risk control mechanisms.
