Rumors circulating online suggest that Star Xu, the founder of the cryptocurrency exchange OKX, is facing a potential investigation by US authorities. These speculations have garnered significant attention, fueled by Xu's history of legal troubles within the crypto community.

Allegations originating from the Chinese community hint at a possible inquiry into Star Xu by US officials. A prominent figure in the crypto space, Alvin, has shared insights on social media, implying that the rumored investigations could be a tactic to boost the market presence and value of OKB, OKX's native token.

Drawing comparisons to previous instances, Alvin's commentary questions the strength of various cryptocurrencies based on key figures' involvement. In response, Star Xu reacted with a single angry emoji, sparking further conjecture about his sentiments towards the allegations and their potential impact on OKX.

Star Xu's past encounters with legal issues are well-documented, including a mysterious arrest in 2020 during a non-exchange-related investigation. This incident coincided with OKX temporarily halting crypto withdrawals, causing market uncertainty. Reports suggested Xu's possible connection to a backdoor listing probe, adding to his legal woes.

Recent scrutiny from South Korean authorities in early February 2024 highlighted OKX's alleged unregistered activities targeting Korean investors. The Financial Intelligence Unit of South Korea initiated an investigation, underscoring OKX's failure to comply with local regulations while catering to Korean clients.

Despite ongoing scrutiny, Star Xu's role within OKX and its affiliated entities remains under the spotlight. The swirling rumors surrounding a purported US investigation into Xu's activities await confirmation, leaving the community in suspense regarding the veracity of these claims.