The post OKX CEO Fires Back After 50 ETH Theft Allegation With 10 BTC… appeared on BitcoinEthereumNews.com.

A new security dispute is unfolding after a crypto user alleged their OKX Wallet was drained through a hidden backdoor. The claim triggered a wave of reactions across the community, and a direct response from OKX CEO Star Xu. Xu is not taking the allegation lightly. Instead, he is turning the accusation into a challenge. Anyone who can prove a backdoor exists in OKX Wallet will receive 10 BTC from his own pocket. He shared this publicly, doubling down on security and transparency as core principles of the company. His message is clear: Show evidence, get paid. Link to the statement: 任何人只要能够提供确凿证据，证明 OKX Wallet 存在后门，我们的 @wallet 团队将奖励 10 BTC。请OKX Wallet全球几千万用户共同监督。安全透明是底线，欢迎社区审查。 https://t.co/yVtz4Mpa1f — Star (@star_okx) November 15, 2025 The crypto world is watching what comes next. The Accusation: A User Claims Their Wallet Was Drained The issue started when a user reported that their OKX Wallet had been drained of 50 ETH. The user claimed the theft happened because OKX Wallet had a built-in backdoor. According to them, this backdoor allowed an attacker to access their wallet and move funds without permission. In the world of Web3, few allegations are more damaging. A “backdoor” suggests intentional access, hidden control, or compromised trust at the code level, things no wallet provider can be associated with. But OKX sees the situation very differently. OKX Responds: “No Backdoor, This Was Phishing.” Shortly after the claim began circulating, OKX issued a formal response. The company denied the existence of any backdoor and said its initial review points to a phishing attack, not a wallet vulnerability. The team explained what they believe happened:  The user interacted with a fake wallet signature page  The phishing link was served through malicious Google search ads  The victim unknowingly signed a fraudulent authorization  The attacker used that signature to drain…

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Filed under: News - @ November 16, 2025 5:28 am