OKX CEO Offers 10 BTC To Prove ‘Backdoor’ Allegation – Details
OKX CEO Star Xu has supplied a bounty of 10 BTC for customers to supply proof on an alleged backdoor within the trade’s DeFi pockets. This growth comes after the Seychelles-based trade just lately launched DEX buying and selling for customers.
Prove Backdoor Existence, Xu Tells Crypto Community
On November 15, an X account with the username OKxiaohai claimed that the OKX pockets featured a backdoor that allowed unhealthy actors to steal customers’ non-public keys. OKxiaohai, an worker at {hardware} pockets agency OneKey, with earlier expertise in customer support, hinged this audacious allegation on a survey of former heist victims with OKX wallets.
The tweet learn:
Find 100 victims whose non-public keys have been leaked and stolen, ask them what pockets they used, and you’ll come to a conclusion: all wallets have backdoors.
OKxiaohai’s assertion drew a number of reactions from sure X customers, equivalent to im23pds, who disagreed with linking the lack of non-public keys to customers’ private errors, a view the claimant additionally agreed with. Meanwhile, one other X account with the username xinchne_eth accused the OneKey worker of driving engagement utilizing OKX’s reputation.
In response to the net buzz, OKX’s CEO and outstanding crypto determine Star Xu challenged the claimant and the overall crypto neighborhood to supply proof of the supposed backdoor in trade for 10 BTC, value $954,320.
Xu mentioned:
Anyone who can present stable proof proving the existence of a backdoor in OKX Wallet, our @wallet crew will reward 10 BTC. We invite OKX Wallet’s tens of thousands and thousands of world customers to collectively monitor this.
The trade’s CEO additionally reiterated the corporate’s dedication to safety and transparency and a willingness to embrace neighborhood scrutiny. Xu’s assertion has sparked a plethora of reactions however finally signifies confidence within the high quality of the supplied pockets service.
OKX Commences DEX Trading
In different information, OKX has just lately introduced a decentralized buying and selling service for customers by way of the CeDeFi program, marking an integration of the advantages of centralized and decentralized finance expertise. Notably, the crypto trade launches a decentralized buying and selling function on its trade cell app that enables customers to swap a number of DEX tokens on Solana, Base, and the X Layer community.
Through the CeDeFi program, OKX goals to reinvent the DEX buying and selling expertise by providing zero gasoline charges, no bridging necessities, and a centralized administration interface that provides customers entry to centralized order books whereas buying and selling decentralized property.
At press time, OKX ranks because the fifth-largest crypto trade by buying and selling quantity, processing roughly $1.5 billion in each day trades. The Seychelles-based platform stories 60 million customers, with greater than 5 million utilizing its DeFi pockets service.
