Core Viewpoint - OKX has faced public scrutiny after freezing $40,000 in stablecoins from accounts purchased from third parties, citing compliance and user security as reasons for the action [1] Group 1: Incident Overview - The incident involved a user named Captain Bunny, who acquired four KYC-verified accounts to participate in OKX's Jumpstart events, which were not available to users in mainland China [1] - The accounts had been idle for two years, with the only activity being the transfer of USDG from the user's main account [2] - The frozen funds were intended for a promotion offering 10% annual interest and were crucial for covering urgent medical expenses for a family member [2] Group 2: User's Background and Appeal - Captain Bunny has a long history with OKX, dating back to its early days as OKCoin in 2014, and has shown loyalty through various market cycles [3] - The user transferred $10,000 USDG at a time into the purchased accounts, only to find them frozen when attempting to withdraw [3] - He provided on-chain transfer records and other proofs to support his claim and appealed for a sympathetic consideration of his situation due to medical needs [3] Group 3: OKX's Response - OKX's founder and CEO, Star Xu, defended the exchange's policies, stating that account ownership is determined by registered identity information rather than personal claims [4] - Xu emphasized that allowing access based on secondary claims would compromise user asset security and violate regulatory obligations, including anti-money laundering measures [4] - The accounts involved in buying and selling trigger risk control mechanisms, and funds can only be released if the registered account holder disclaims ownership and provides verifiable proof of fund sources [5] Group 4: Company Policy on KYC Accounts - OKX's help desk reiterated that the platform's services are exclusively for the real-name verified individual associated with each account, reinforcing the stance against the buying of KYC accounts [6]