OX.FUN: Except for the freezing of all funds of the bad actor Jefe, no user funds have been affected
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Foresight News|Feb 24, 2025 04:52
According to Foresight News, OX.FUN tweeted that "except for the freezing of all funds of the bad actor Jefe, no user funds have been affected. Contrary to Jefe's claim that he did not engage in any trading, he carried out a oracle manipulation attack. The user made their first deposit of 1 million USDC on February 14, 2025 at 5:38:43, and began selling JAILSTOOL in large quantities from 5:46:56 on February 14 to 5:57:06 on February 14. They placed a limit order at 0.048, with a trading volume exceeding $600000, and then placed a limit order at a reasonable price of 0.05, with a trading volume exceeding $300000. They lowered the market to below 0.04 before 6:00 on February 14, and immediately sold JAILSTOOL. Closing the position at a low price of 0.034. This behavior clearly violates our terms of service and infringes on the interests of other OXFUN users, therefore his funds have been frozen. Jefe Attempting to increase pressure on social media in order to gain his profits will not be effective. We have contacted Jefe and proposed to reverse some of the losses caused by social media, but he refused
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