OKX CEO Addresses User Account Locking Concerns

The CEO of the OKX exchange has spoken out, explaining the account locking incident involving a long-time user on the platform.

Azcnews Okx Ceo Addresses User Account Locking Concerns

A user known as Satoshi Friends on the X platform has shared that they have been a partner of the OKX exchange since 2019, frequently using and recommending the platform to many users. However, this individual now advises users from CIS countries to:

  • Urgently withdraw all funds from OKX
  • Cease using the exchange indefinitely

They warn that failing to do so could result in sudden account suspensions, frozen assets, and potential loss of funds for CIS users.


Satoshi Friends explained, “The reality is that OKX’s policies and the personal stance of the exchange’s leadership have abruptly shifted to a more radical approach towards CIS users since May 2024. My account, along with the referral base I’ve built over the years, has been locked. Influencers who have endorsed OKX may now face not only financial risks but also damage to their reputation.”

In response, the CEO of OKX stated that individuals who have been sanctioned cannot successfully open an account on OKX. For those who have managed to open an account, the CEO outlined two key points:

  1. Depositing funds into OKX from sanctioned entities like Garantex and Tornado Cash.
  2. Withdrawing funds from OKX to these sanctioned entities will trigger compliance risk controls, resulting in account closure.


The CEO assured that these sanctions are largely irrelevant to ordinary users, who should not be concerned. He emphasized, “Anyone depositing from Tornado Cash into OKX or withdrawing from OKX to Tornado Cash will have their accounts liquidated, without exception.”

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