• Rumors about elevated scrutiny of OKX founder Star Xu have been gaining consideration in current days.
• Star Xu refuted this declare with an indignant face emoji in a current X put up.
• Alvin claims that this rumor could also be concentrating on the collapse of OKX’s OKB token.

In current occasions, rumors have unfold that OKX founder Star Xu has been arrested by American authorities. Nevertheless, Mr. Xu refuted this declare by posting a message on X's official account.

Chinese language crypto journalist Colin Wu lately shared an X put up offering an replace on rumors surrounding US surveillance of OKX founders. In keeping with Wu's X posts, he shared three of his X posts to disclaim the rumors. The reporter additionally shared perception into comparable rumors which were frequent after Binance founder Qiao Changpeng was indicted within the US.

Mr. Alvin, a distinguished voice within the cryptocurrency subject, commented on the widespread rumors relating to Mr. X and his detention. He wrote that individuals in society are troubled by the more and more intense surveillance and information circulating about Mr. Xu's arrest. Nevertheless, he claimed that this information was most likely a rumor and stated:

I feel it's most certainly a rumor. They need to pressure rape on OKB.

Later, Xu posted an indignant face emoji in response to Alvin's message, expressing his anger on the rumors.

The rumors come after OKX made a significant resolution to close down in India amid mounting regulatory challenges. In December 2023, India's Monetary Intelligence Unit (FIU) issued a warning to 9 overseas cryptocurrency exchanges, together with OKX, for not complying 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. “We remorse to tell you that OKX has ended its service to customers in India,” the platform stated in a press release.