I. Solid Proof of Star Xu’s OKX Scam — System Freezes at Critical Moment, Zhu Jian’s Million USD Wiped Out!
Victim Zhu Jian (UID: 3073562651013120) in our group has revealed the full process of how Star Xu’s OKX scammed him:
On August 5, 2024, the OKX system suddenly froze completely at the most critical moment. The interface became completely unresponsive, making it impossible for him to close his position. As a result, he was force-liquidated and lost over one million USD.
Full Breakdown of the August 5 Liquidation Incident
Based on the original trading records provided by Zhu Jian:
▪ Liquidation Time: 9:08 AM, August 5, 2024
▪ Trading Pair: ETH-USDT
▪ Leverage: 3x
▪ Average Entry Price: ~3200 USDT
▪ Liquidation Price: ~2500 USDT
▪ Final Loss: ~ 300 ETH (worth over $750,000 USD at the time)
And the core issue was only one thing:
OKX wouldn't let him trade when it mattered most.
1.As the price began to move, Zhu Jian attempted to operate.
2.The system completely froze—every button was dead, closing the position failed.
3.He was forced to watch helplessly as the price dropped, unable to do anything.
4.His position was eventually force-liquidated by OKX.
(Screenshot shows part of the original trade records: all sell attempts failed, position could not be closed.)
II. A Warning to All OKX Users: At the Critical Moment, Star Xu's OKX Will Zero Out Your Assets!
▪ When the market moves, everyone else can trade—only OKX users get a frozen screen.
▪ Whether closing, canceling, or modifying orders, both the app and API reject all operations.
▪ The system behaves like remote control: it precisely locks the victim’s account and forces them to watch their assets vanish.
Denny Xiao's Analysis:
Why does a supposedly "high-tech" exchange always conveniently become inoperable during market volatility?
The answer: This is their business model. Star Xu's OKX profits by intentionally causing system outages and freezes to scam users’ assets.
III. What's Next
Hundreds of victims are now preparing for collective arbitration against Star Xu's OKX in Hong Kong.
More victims — contact me!
Contact – Denny Xiao：
WeChat：denny-xdx
Telegram：
WhatsApp：+65 81275073
X: 
5,Dec.,2025