The post OKX CEO Offers 10 BTC Bounty After User Alleges 50 ETH Stolen appeared on BitcoinEthereumNews.com.

In a blunt response to a user’s allegation that 50 ETH had been stolen from an OKX Wallet, OKX founder and CEO Star Xu publicly challenged critics to bring forward proof. Xu said anyone who can provide “conclusive evidence” that a backdoor exists in OKX Wallet will be rewarded with 10 BTC, and he urged the platform’s millions of users to help monitor and review the situation. The claim of the theft was first shared on social media by a user who said funds were taken from their OKX Wallet; the accusation quickly drew attention from the crypto community and security researchers. In the hours that followed, Xu framed the company’s stance as one of openness and accountability, saying security and transparency are “the bottom line” for OKX and that the team welcomes community scrutiny. Security Showdown The public reward, a sizable 10 BTC bounty, is meant to put the burden of proof on those alleging a systemic vulnerability rather than on the company alone. OKX has faced scrutiny before around wallet security and platform practices, and the CEO’s offer signals a willingness to let independent researchers test that claim in public. Observers on X and elsewhere are watching to see whether anyone will produce the forensic evidence Xu requested. OKX said its security team is already looking into the incident and encouraged anyone with relevant information, transaction IDs, wallet addresses, screenshots, or forensic findings to report them through the company’s official support channels so they can be examined. Independent security researchers and on-chain analysts are likely to dig through public transaction history and the wallet’s codebase; proving a deliberate backdoor would require clear, reproducible forensic evidence such as leaked source code, anomalous on-chain signatures, or logs showing unauthorized access patterns rather than signs of phishing or key compromise. Reaction…

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Filed under: News - @ November 16, 2025 12:18 am