🚀 JefeDAO Member Faces Withdrawal Issues at OX.FUN Exchange
#JefeDAO #OXFUN #NFT #cryptocurrency #withdrawalissues #SuZhu #blockchain #exchangestatement #fundfreezing #coordinatedeffort
According to Odaily, NFT artist collective JefeDAO recently revealed that a member is unable to withdraw $1 million from the OX.FUN exchange, owned by Su Zhu. The exchange cited 'violation of terms of service' as the reason but did not provide further explanation. In response, OX.FUN stated on X that all withdrawals are being processed normally and that the rumors on X are part of a coordinated effort. The exchange clarified that no other users are affected by JefeDAO's actions, and the member in question attempted to exploit the platform, resulting in the freezing of their funds. OX.FUN's founder, Nico, is expected to release a statement soon.#JefeDAO #OXFUN #NFT #cryptocurrency #withdrawalissues #SuZhu #blockchain #exchangestatement #fundfreezing #coordinatedeffort
🚀 OX.FUN Freezes Funds of User Involved in Oracle Manipulation
#OXFUN #FundsFrozen #OracleManipulation #CryptoFraud #MarketManipulation #UserViolation #TermsOfService #Jefe #Trading #Cryptocurrency #USDC
According to Foresight News, OX.FUN announced that all funds belonging to the user known as Jefe have been frozen due to his involvement in an oracle manipulation attack. The platform clarified that no other user funds were affected by this incident.
Contrary to Jefe's claims of not engaging in any transactions, he conducted a series of trades that violated OX.FUN's terms of service. On February 14, 2025, at 5:38:43 (UTC+8), Jefe made an initial deposit of 1 million USDC. Shortly after, between 5:46:56 and 5:57:06, he began selling large amounts of JAILSTOOL, placing limit orders below the market price, with transactions exceeding $600,000. He continued to manipulate the market by placing additional limit orders when the price was at a reasonable level of 0.05, with trades over $300,000, and further drove the market down to below 0.04 by 6:00. He then closed his position at a low price of 0.034.
OX.FUN stated that Jefe's actions were a clear violation of their terms of service and harmed the interests of other users on the platform, leading to the freezing of his funds. Despite Jefe's attempts to leverage social media pressure to reclaim his profits, OX.FUN has reached out to him, offering to mitigate some of the losses caused by the social media fallout, but Jefe declined the offer.#OXFUN #FundsFrozen #OracleManipulation #CryptoFraud #MarketManipulation #UserViolation #TermsOfService #Jefe #Trading #Cryptocurrency #USDC