OKX Ventures says it never invested in Dow Protocol

The firm said claims linking it to Dow Protocol financing are false, warned of impersonation scams targeting project teams and said it does not charge any fees for investment cooperation.

22d ago

Fact Check

The claim is confirmed verbatim by the primary source, the official @OKX_Ventures X account clarification statement (status/2084215710579032496), which states OKX Ventures 'has never invested in Dow Protocol,' calls linking claims false and reputation-damaging, warns of impersonators defrauding project teams, and states it 'does not charge project teams any fees of any kind.' Follow-up official replies (status/2084216548227682381) reinforce the denial. Multiple independent outlets (BlockBeats, CryptoNews/BitcoinWorld, CoinNess) corroborate all three elements of the claim.

Summary

OKX Ventures said on Aug. 3 that it has never invested in Dow Protocol and that any claim tying the firm to the project's fundraising is false. The company said the misinformation has harmed its brand reputation, condemned the claims and said it reserves the right to pursue legal action against relevant parties. It also said it recently identified cases in which individuals impersonated OKX Ventures employees to mislead project teams with investment cooperation offers, and stressed that OKX Ventures does not charge project teams any fees. The firm urged users and project teams to verify any cooperation information through official OKX channels and not trust unverified messages to avoid scams and potential financial losses.

Terms & Concepts

OKX Ventures: The investment arm of OKX.