OKX CEO reiterates accounts interacting with sanctioned entities will be blocked following influencer complaint | Headlines | News | CoinMarketCap

08/09/2024 16:57
OKX CEO reiterates accounts interacting with sanctioned entities will be blocked following influencer complaint | Headlines | News | CoinMarketCap

OKX will terminate user accounts found to be engaging with “sanctioned entities” — such as Tornado Cash and Garantex — its CEO, Star Xu, reiterated …

OKX will terminate user accounts found to be engaging with “sanctioned entities” — such as Tornado Cash and Garantex — its CEO, Star Xu, reiterated today in response to a user’s public call to avoid using the exchange.

Xu wrote in an X post that user accounts depositing funds from sanctioned entities or withdrawing funds from OKX to sanctioned entities will “trigger compliance risk controls, leading to the closure of the account.” Xu specified Russian exchange Garantex and crypto mixer Tornado Cash as examples of sanctioned entities.

Xu’s statement came after user Satoshi Friends told his followers on X that users from the Commonwealth of Independent States may “risk facing sudden blocking of their accounts, freezing of funds and loss of any assets.”

“My account has been blocked, as …

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