OKX Founder Dismisses Rumors About His Arrest in america

• Rumors concerning the rising scrutiny over OKX Founder Star Xu have gained consideration over the previous few days.
• Star Xu refuted the claims by way of latest X posts with an offended face emoji.
• Alvin claims that the rumors could be concentrating on the autumn of OKX’s OKB token.

In a latest flip of occasions, rumors have circulated concerning OKX Founder Star Xu’s arrest by American authorities. Nevertheless, Xu has refuted the claims by posting messages on his official X account.

Chinese language crypto journalist Colin Wu just lately shared an X submit, offering updates on the rumors surrounding america’ scrutiny over OKX Founder. Based on Wu’s X submit, 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.

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 group is concerned by the information spreading in regards to the rising scrutiny and Xu’s arrest. Nevertheless, he asserted that the information is probably going a rumor, stating,

I believe it’s most definitely a rumor. They need to power OKB to be raped.

Subsequently, Xu posted an offended face emoji in response to Alvin’s message, expressing his outrage on the rumors.

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, in opposition to their non-compliance with the nation’s registration legal guidelines.

On March 21, OKX requested its Indian clients to shut their accounts and withdraw their funds by April 30. The platform famous, “We remorse to tell you that OKX is not offering providers to customers in India.”