- TRON founder Justin Sun urged OKX to freeze stolen funds after TRON DAO’s Twitter was hacked and used to promote a scam.
- Despite the security breach, TRX surged nearly 12% following a bullish breakout from an ascending triangle on the 4-hour chart.
- Technical indicators and rising volume confirm strong bullish momentum for TRX as it builds support above the key $0.25 level.
TRON DAO’s official X (formerly Twitter) account was hijacked on May 2, prompting immediate responses from founder Justin Sun. The attackers used the compromised trondao handle to promote a fraudulent contract, aiming to deceive unsuspecting users. Sun swiftly addressed the situation on X but later deleted, urging crypto exchange OKX to freeze funds allegedly linked to the scam.
According to Sun, the stolen assets were moved to a wallet tied to OKX. He called on the platform to take immediate action to prevent further losses and support the investigation. Law enforcement is now actively involved. Sun’s team shared a specific wallet address to aid in tracking the stolen funds: EuzLBJdKCxYEPW7SDrn8GSaFkMEPxnW9Vk6fZr8ZrqwH. He also urged the hackers to return the funds, pledging that any recovered assets would go back to the community.
TRON DAO clarified that its Twitter account was compromised due to targeted social engineering. The attackers posted misleading content containing a contract address — something the TRON team would never do. Investigations remain ongoing, and updates are expected soon.
TRX Maintains Bullish Momentum After Triangle Breakout
Despite the hack, TRX continues to perform strongly in the market. The TRX/USDT 4-hour chart, shared by WorldOfChartsFX, shows a bullish structure. Since mid-March, TRX has trended upwards, forming consistent higher lows.
Source: World Of Charts
In April, TRX created a clear ascending triangle with strong horizontal resistance at $0.25. This consolidation built up pressure beneath the resistance. On April 29, a breakout finally occurred, pushing TRX to $0.2795 — a rally of nearly 11.76%.
Volume Confirms Breakout Strength
Additionally, trading volume surged alongside the breakout, confirming genuine buying interest. This move validated the ascending triangle pattern, as price met the projected target range. Previous resistance at $0.25 may now act as fresh support.
Moreover, the pattern suggests continued bullish momentum in the short term. Market sentiment remains positive despite the recent security incident. TRX’s technical setup supports the view that further upside is likely if support holds firm.
