OKX founder denies rumors of his arrest in the USA

• Rumors of accelerating management over OKX founder Star Xu have gained consideration up to now few days.
• Star Xu refuted the claims through current X posts with an offended face emoji.
• Alvin claims that the rumors could possibly be targeted on the autumn of the OKB token OKX.

In a current flip of occasions, there have been rumors of the arrest of OKX founder Star Xu by US authorities. Nonetheless, Xu refuted these claims by posting messages on his official X account.

Chinese language crypto journalist Colin Wu just lately shared an X submit that gives an replace on rumors surrounding the USA’ scrutiny of OKX’s founder. Based on Wu’s X submit, Xu shared three X posts in an try and refute the rumors. The reporter additionally shared insights on related rumors which were frequent following the prosecution of Binance founder Changpeng Zhao within the US.

Alvin, a distinguished voice within the cryptosphere, reached out to X to touch upon the prevailing rumors about Xu and his detention. He wrote that the group is concerned by the spreading information of the elevated scrutiny and Xu’s arrest. Nonetheless, he claimed that the information was most likely a rumor and said,

I believe it is almost definitely a rumor. They wish to power OKB to rape.

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

The rumors adopted OKX’s landmark choice to close down operations in India amid rising regulatory considerations. In December 2023, India’s Monetary Intelligence Unit (FIU) warned 9 overseas crypto exchanges, together with OKX, for not complying with the nation’s registration legal guidelines.

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