{"id":30509,"date":"2020-10-22T14:14:36","date_gmt":"2020-10-22T11:14:36","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=30509"},"modified":"2025-08-27T22:40:29","modified_gmt":"2025-08-27T19:40:29","slug":"tron-foundation-ends-compensation-program-for-okex-users","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/tron-foundation-ends-compensation-program-for-okex-users\/","title":{"rendered":"TRON Foundation ends compensation program for OKEx users"},"content":{"rendered":"<p>On October 22, the TRON Foundation announced the termination of its TRX funds-recovery program for OKEx users, after the exchange blocked the organisation&#8217;s accounts.<!--more--><\/p>\n<blockquote class=\\\"twitter-tweet\\\">\n<p dir=\\\"ltr\\\" lang=\\\"en\\\">(1\/3) ?Following the release of this announcement, <a href=\\\"https:\/\/twitter.com\/Tronfoundation?ref_src=twsrc%5Etfw\\\">@Tronfoundation<\/a> and Justin Sun will stop the 1:1 <a href=\\\"https:\/\/twitter.com\/search?q=%24TRX&#038;src=ctag&#038;ref_src=twsrc%5Etfw\\\">$TRX<\/a> withdrawal service for <a href=\\\"https:\/\/twitter.com\/OKEx?ref_src=twsrc%5Etfw\\\">@OKEx<\/a> users. The team will follow up on funds that have been transferred but not processed yet.<a href=\\\"https:\/\/t.co\/YhZA3iwoFX\\\">https:\/\/t.co\/YhZA3iwoFX<\/a><\/p>\n<p>\\n<\/p>\n<p>\u2014 Justin Sun? (@justinsuntron) <a href=\\\"https:\/\/twitter.com\/justinsuntron\/status\/1319149047043641344?ref_src=twsrc%5Etfw\\\">October 22, 2020<\/a><\/p>\n<\/blockquote>\n<p><script async src=\\\"https:\/\/platform.twitter.com\/widgets.js\\\" charset=\\\"utf-8\\\"><\/script><\/p>\n<blockquote>\n<p>&#8220;Following the publication of the unrestricted withdrawals announcement, OKEx blocked the official TRON account. When we created a second account, the exchange blocked that one as well, so transfers through it did not go through,&#8221; said the TRON Foundation.<\/p>\n<\/blockquote>\n<p>&#8220;According to them, OKEx&#8217;s hard stance could lead to tighter restrictions for the organisation. As a result, the TRON Foundation has halted token withdrawals.&#8221;<\/p>\n<p>The team will continue to monitor funds that have been transferred but not yet processed.<\/p>\n<p>In two days, the TRON Foundation helped 20 users withdraw 11 million TRX (over $289,000) to external wallets.<\/p>\n<p>OKEx <a href=\"https:\/\/u1f987.com\/en\/news\/okex-suspends-withdrawals-media-report-founder-detained\">paused<\/a> withdrawals on October 16 after one of the private key holders stopped responding.<\/p>\n<p>Local media <a href=\"https:\/\/u1f987.com\/en\/news\/okex-suspends-withdrawals-media-report-founder-detained\">reported<\/a> the arrest of OKEx and OKCoin founder Star Xu.<\/p>\n<p>The exchange also <a href=\"https:\/\/u1f987.com\/en\/news\/okex-refutes-reports-of-large-transfers-after-withdrawal-halt\">denied<\/a> reports of large transfers after the withdrawals were halted.<\/p>\n<p>On October 21 OKEx <a href=\"https:\/\/u1f987.com\/en\/news\/okex-resumes-p2p-fiat-trading\">resumed<\/a> P2P trading of fiat currencies, but restricted internal transfers for some users.<\/p>\n<p>Follow ForkLog news on Twitter: <a href=\\\"https:\/\/twitter.com\/ForkLog\\\" target=\\\"_blank\\\" rel=\\\"nofollow noopener noreferrer\\\">Twitter<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>On October 22, the TRON Foundation announced the termination of its TRX funds-recovery program for OKEx users after the exchange blocked the foundation&#8217;s accounts.<\/p>\n","protected":false},"author":1,"featured_media":30510,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[1291,951],"class_list":["post-30509","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-okx","tag-tron"],"aioseo_notices":[],"amp_enabled":true,"views":"19","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/30509","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/comments?post=30509"}],"version-history":[{"count":1,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/30509\/revisions"}],"predecessor-version":[{"id":30511,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/30509\/revisions\/30511"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/30510"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=30509"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=30509"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=30509"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}