OKX Freezing Incident: 11,000 USDT Locked, OKB Sold Off!

In the world of cryptocurrency, trust is scarcer than Bitcoin. Recently, OKX users have encountered a wave of account freezes, causing widespread concern.

After a user submitted transaction records as requested, their account remained frozen, with the thaw date extended from January 1, 2025, to April 17. In a rights protection group of over 70 people, many users have had their assets inexplicably locked, and some even submitted 15 years of work records without being able to unfreeze their accounts.

CEO Responds Personally

On July 5, OKX CEO Xu Mingxing made a rare appearance on social media, acknowledging the issue of false positives in risk control and apologizing to users. Multiple users complained that their accounts were frozen without warning, including one long-time user holding 11,000 USDT who was asked to provide an additional 15 years of work history.

Strict Verification Sparks Controversy

In addition to regular KYC, some users were required to provide 10 years of work history, 5 years of employment records, etc., raising privacy concerns. Xu Mingxing responded that freelancers could fill in "no fixed job," but they needed to provide proof of income, such as wallet screenshots.

False Positive Dilemma

Xu Mingxing admitted that the biggest challenge in compliance is "false positives"—normal users being misjudged as high risk. Even with a team of 600 people, it still can't be completely avoided.

Freezing Mechanism Questioned

The function of freezing accounts is limited, and after unfreezing, assets must be transferred within 24 hours, otherwise trading rights will be permanently lost. Users questioned whether this move effectively drives away customers.

Balancing Security and Convenience

Xu Mingxing promised to optimize the process, but users remain concerned about privacy and asset security. This incident reflects a common dilemma in the crypto industry: how to find a balance between compliance and user experience?

Rebuilding trust is not easy, and regulatory pressure continues to increase.

When users are asked to submit 15 years of work records, everyone is asking: where exactly are our privacy boundaries? $BTC $ETH $SOL #马斯克计划成立美国党 #大而美法案 #美国加征关税