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The cryptocurrency exchange OX.FUN has firmly denied bankruptcy allegations circulating in social media. The company stressed that these rumors do not reflect reality and that all withdrawal transactions are proceeding smoothly. Increased speculation arose due to some users having their funds frozen, but the exchange clarified that the majority of users remain unaffected. It was suggested that a user named JefeDAO attempted to gain unjust profits from the system.
OX.FUN Refutes Bankruptcy Rumors
Claims surfaced on social media regarding OX.FUN facing liquidity issues. Allegations suggested that high withdrawal requests were straining the exchange’s financial structure. However, OX.FUN officials announced that all operations continue as normal and that there are no financial problems.
According to the company’s statements, the bankruptcy rumors are part of a deliberate fear-mongering campaign. The platform emphasized that there have been no disruptions in user access to their account balances and that all system transactions are being monitored transparently. Despite high withdrawal requests, the financial health of the platform remains secure.
Funds of JefeDAO User Frozen
The controversy centers on a user named JefeDAO, who allegedly tried to exploit the OX.FUN system. According to the company’s announcement, this user deposited 1 million USDC into the platform on February 14, 2025. Shortly after, aggressive selling transactions were conducted with these funds, causing a market price drop that led to panic among investors.
OX.FUN officials stated that JefeDAO violated platform rules. Due to the manipulative nature of the user’s transactions, their funds were frozen. The company accused JefeDAO of spreading misinformation about the exchange via social media.
Exchange officials emphasized that all users’ transactions continue normally. They assured that there are no disruptions in the services provided by OX.FUN and that they are maintaining their reliability. The frequent speculation in the cryptocurrency market poses risks for traders. OX.FUN officials reminded users to avoid making decisions without confirming the truth of the claims about platforms.
