A Major Exchange Responds to Claims That Cryptocurrencies Were Secretly Stolen from Users’ Wallets
The post A Major Exchange Responds to Claims That Cryptocurrencies Were Secretly Stolen from Users’ Wallets appeared on BitcoinEthereumNews.com.
OKX CEO Star Xu made an important statement after a user accused the platform of the theft of 50 ETH. Xu announced that a 10 BTC reward will be given to anyone who can prove with definitive and verifiable evidence that a “backdoor” exists in OKX Wallet. Xu argued that security and transparency are the core principles of the OKX ecosystem, telling OKX Wallet users: “The OKX Wallet team will reward anyone who provides definitive evidence proving the existence of a backdoor in OKX Wallet with 10 BTC. We expect a joint audit by OKX Wallet users worldwide. Security and transparency are our priority; we welcome community review.” The issue has particularly gained traction among the Chinese-speaking cryptocurrency community. Chinese users claim that OKX’s wallet app contains a backdoor mechanism that hackers are using to steal users’ assets. The 10 BTC reward is equivalent to approximately $950,000 at the time of writing. *This is not investment advice. Follow our Telegram and Twitter account now for exclusive news, analytics and on-chain data! Source: https://en.bitcoinsistemi.com/a-major-exchange-responds-to-claims-that-cryptocurrencies-were-secretly-stolen-from-users-wallets/
Filed under: News - @ November 15, 2025 3:18 pm