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.

#okx #urgent
ALL @okx EXCHANGE USERS ARE AT RISK

Since 2019, I have been a partner of the OKX exchange, recommended it to you and actively used it myself.

Until today, it worked honestly and stably.

But today, I regret to admit that the exchange policy and all the… pic.twitter.com/fQiDRj6aHO

— Satoshi Friends 🌱 (@slezisatoshi) August 8, 2024

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.

被制裁的人无法在okx成功开户。

对于已经开户成功用户：
1. 从被制裁的主体比如 Garantex和 Tornado cash充值到okx
2. 从okx提币去被制裁的主体

都会触发合规风控，导致被清退账户。

制裁和普通人很遥远，大部分人完全不需要担心。 https://t.co/MTJ7OtQRny

— Star (@star_okx) August 9, 2024

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.”