• About Us
  • Careers
  • Contact
No Result
View All Result
Friday, August 29, 2025
DeFi Planet
  • News
    • People
    • Business
    • Crime
    • Regulation
    • Crypto
    • CBDC
  • Markets
    • Bitcoin
    • Ethereum
    • Stablecoins
    • Altcoins
    • Crypto ETFs
    • Memecoins
  • Policy
  • Articles
    • Press Releases
    • Opinion
    • Explainers
    • Guest Post
    • Sponsored
  • Directory
    • Companies
    • People
    • Products
    • Wallets
  • Multimedia
    • Videos
    • Podcasts
  • Learn
    • DeFi Basics
    • Tutorials
    • Reviews
    • Blockchain Fundamentals
  • Research
    • Case Studies
  • Explore
    • DeFi
    • Crypto Gaming
    • NFT
    • DAO
    • Metaverse
    • Glossary
  • Jobs
  • Markets Pro
    • DeFi Planet Pro
    • Spend Crypto
    • Swap Crypto
    • Coin Prices
    • Crypto Exchanges
    • Crypto Analyzer
  • News
    • People
    • Business
    • Crime
    • Regulation
    • Crypto
    • CBDC
  • Markets
    • Bitcoin
    • Ethereum
    • Stablecoins
    • Altcoins
    • Crypto ETFs
    • Memecoins
  • Policy
  • Articles
    • Press Releases
    • Opinion
    • Explainers
    • Guest Post
    • Sponsored
  • Directory
    • Companies
    • People
    • Products
    • Wallets
  • Multimedia
    • Videos
    • Podcasts
  • Learn
    • DeFi Basics
    • Tutorials
    • Reviews
    • Blockchain Fundamentals
  • Research
    • Case Studies
  • Explore
    • DeFi
    • Crypto Gaming
    • NFT
    • DAO
    • Metaverse
    • Glossary
  • Jobs
  • Markets Pro
    • DeFi Planet Pro
    • Spend Crypto
    • Swap Crypto
    • Coin Prices
    • Crypto Exchanges
    • Crypto Analyzer
No Result
View All Result
DeFi Planet
No Result
View All Result
Home News Crypto

OX.FUN Dismisses Insolvency Claims, Calls It a Coordinated Disinformation Attack

25 February 2025
in Crypto, News
Reading Time: 3 mins read
104 4
source: en.coin-turk.com

source: en.coin-turk.com

OX.FUN has denied rumours of its insolvency circulating on social media over the past 24 hours.

In a statement posted on X on February 24, the crypto exchange dismissed the claims as a coordinated disinformation campaign designed to incite panic. It asserted that the platform remains fully operational, with no liquidity issues affecting user withdrawals.

Speculation about OX.FUN’s financial health began when reports surfaced that its liquidity had dropped to $180,000, raising fears of a collapse. The controversy stems from a February 14 incident involving JefeDAO, a decentralized autonomous organization, which deposited $1 million in USDC into the exchange.

According to OX.FUN, JefeDAO then attempted an oracle manipulation attack—an exploit designed to distort price data for fraudulent gains. In response, the exchange froze JefeDAO’s $1 million in USDC, claiming the move was necessary to protect the platform and its users. OX.FUN emphasized that no other user funds were affected and that withdrawals continued without interruption.

However, some have accused OX.FUN of extortion, alleging that it demanded JefeDAO either issue a public statement or pay $200,000 per month for “marketing” in exchange for unfreezing the funds. OX.FUN has strongly refuted these allegations, calling them a “coordinated FUD” attack—fear, uncertainty, and doubt—aimed at damaging its reputation. The exchange has pledged to release a detailed report outlining JefeDAO’s alleged misconduct.

The controversy has placed OX.FUN’s leadership under scrutiny, particularly given its past ties to the collapse of the $18 billion hedge fund Three Arrows Capital.

Meanwhile, the crypto sector has faced renewed security concerns following a major breach at Bybit. On February 21, the Dubai-based exchange suffered a hack targeting one of its Ethereum wallets, with over $1.4 billion allegedly stolen. Bybit resumed full operations within 12 hours, and CEO Ben Zhou assured users there were no further withdrawal limits or delays. Zhou also apologized for the disruption and promised a full security assessment and incident report in the coming days.

 

If you want to read more news articles like this, visit DeFi Planet and follow us on Twitter, LinkedIn, Facebook, Instagram, and CoinMarketCap Community.

“Take control of your crypto portfolio with MARKETS PRO, DeFi Planet’s suite of analytics tools.”

Don't miss out!

Subscribe To Our Newsletter

Receive top education news, lesson ideas, teaching tips and more!
Invalid email address
Give it a try. You can unsubscribe at any time.
Thanks for subscribing!
Tags: CryptoExchangeOX.FUN
Share63Tweet39Share11
Bobby Okposin

Bobby Okposin

Related Posts

source: 21shares.com
Crypto

21Shares Files for First U.S. SEI ETF, Joining Race with Canary Capital

29 August 2025
source: u.today
Bitcoin

Bitwise Forecasts Bitcoin Could Hit $1.3 Million by 2035

29 August 2025
source: coindoo.com
Bitcoin

Coinone Debuts Korea’s First Flexible Bitcoin Staking Service

29 August 2025
source: transfi.com
Stablecoin

Venture Capitalists Bet Big on Programmable Stablecoins as Market Hits $280B

29 August 2025

Editors Picks

Web3 in 2025: Where We Are, What’s Next, and What the Data Says

Web3 in 2025: Where We Are, What’s Next, and What the Data Says

byOlayinka Sodiq
21 July 2025
0

What Is a Rebase Token and How Does It Work?

What Is a Rebase Token and How Does It Work?

byOlajumoke Oyaleke
28 June 2025
0

What Are DeFi Options Vaults, and How Do They Work?

What Are DeFi Options Vaults, and How Do They Work?

byOlajumoke Oyaleke
26 June 2025
0

What Are Teardrop Attacks in Crypto?

byOlajumoke Oyaleke
17 June 2025
0

What Are Fractional NFTs, and How Do They Work?

What Are Fractional NFTs, and How Do They Work?

byBlessing Lisafi
7 February 2024
0

Read More

Chain of Thought

What Happens When AI Gets a Wallet?

What Happens When AI Gets a Wallet?

byOlu Omoyele
31 July 2025
0

...

The Game-changing Triumvirate: Blockchain, Data Science, and Artificial Intelligence

The Game-changing Triumvirate: Blockchain, Data Science, and Artificial Intelligence

byOlu Omoyele
30 June 2025
0

...

Are Stablecoins Bank Deposits?

Are Stablecoins Bank Deposits?

byOlu Omoyele
31 May 2025
0

...

DAOs and the Coordination of Human Endeavour

DAOs and The Coordination of Human Endeavour

byOlu Omoyele
27 April 2025
0

...

Markets Update

Your Weekend Crypto Roundup | August 2025 (Week 4)

1 week ago

SUI Ecosystem: Price Prediction, Market Dynamics, and Strategic Developments

1 week ago

How Much Ethereum Do Public Companies Actually Own?

1 week ago

Your Weekend Crypto Roundup | August 2025 (Week 3)

2 weeks ago

Ripple vs. SEC Nears Final Countdown: Will August 15 End Crypto’s Longest Court Battle?

2 weeks ago

Cardano Price Prediction 2025–2030: Decentralized Governance, Technical Upgrades, and Investment Outlook

2 weeks ago
Read More

Events

CBDC Conference
CBDC Conference
9 Sep 25
Nassau

Spotlight

All about Ethereum
All about Algorand
All about Bitcoin
All about Gora

Press Releases

Ethereum-Based Meme Project Pepeto ($PEPETO) Surges Past $6.5M in Presale

bychainwire
29 August 2025
0

GCL Subsidiary, 2Game Digital, Partners with KuCoin Pay to Accept Secure Crypto Payments in Real Time

bychainwire
28 August 2025
0

Tether announces plan to bring USD₮ to RGB, advancing native stablecoins on Bitcoin and Lightning

bychainwire
28 August 2025
0

$MBG Token Supply Reduced by 4.86M in First Buyback and Burn by MultiBank Group

bychainwire
27 August 2025
0

Origin Summit Debuts in Seoul during KBW as Flagship Gathering on IP, AI, and the Next Era of Blockchain-enabled Real-World Assets

bychainwire
26 August 2025
0

Read More

ADVERTISING

ABOUT

TEAM

CAREERS

CONTACT

TERMS & CONDITIONS

PRIVACY POLICY

© Copyright 2025 DeFi Planet

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
Please enter and activate your license key for Cryptocurrency Widgets PRO plugin for unrestricted and full access of all premium features.

Add New Playlist

No Result
View All Result
  • News
    • People
    • Business
    • Crime
    • Regulation
    • Crypto
    • CBDC
  • Markets
    • Bitcoin
    • Ethereum
    • Stablecoins
    • Altcoins
    • Crypto ETFs
    • Memecoins
  • Policy
  • Articles
    • Press Releases
    • Opinion
    • Explainers
    • Guest Post
    • Sponsored
  • Directory
    • Companies
    • People
    • Products
    • Wallets
  • Multimedia
    • Videos
    • Podcasts
  • Learn
    • DeFi Basics
    • Tutorials
    • Reviews
    • Blockchain Fundamentals
  • Research
    • Case Studies
  • Explore
    • DeFi
    • Crypto Gaming
    • NFT
    • DAO
    • Metaverse
    • Glossary
  • Jobs
  • Markets Pro
    • DeFi Planet Pro
    • Spend Crypto
    • Swap Crypto
    • Coin Prices
    • Crypto Exchanges
    • Crypto Analyzer

© Copyright 2024 DeFi Planet   |   Terms & Conditions   |   Privacy Policy

-
00:00
00:00

Queue

Update Required Flash plugin
-
00:00
00:00