Summary
TLDR: Rumors of OKX founder Star Xu being under investigation in the US are refuted by Alvin and Gala Wen, suggesting it’s a ploy to manipulate OKB token price. Xu has faced controversy before and OKX is navigating increased regulatory scrutiny globally. US regulatory environment remains hostile towards crypto industry.
Key Points
1. Mingxing Xu, also known as Star Xu, founder of OKX, is reportedly under investigation in the United States, according to online reports.
2. Xu has denied these allegations and expressed frustration with the spread of false information on social media.
3. Rumors about Xu’s arrest in the US were debunked by a prominent figure in the Chinese crypto community, who suggested that the news may have been a tactic to manipulate OKX’s native token, OKB.