OKX CEO Offers Bitcoin Bounty Amid DeFi Wallet Backdoor Allegations
OKX CEO Offers Bitcoin Bounty Amid DeFi Wallet Backdoor Allegations
OKX CEO Star Xu has launched a significant initiative, offering a bounty of 10 BTC to users who can provide evidence of an alleged 'backdoor' in the exchange's DeFi wallet. This move comes as the Seychelles-based exchange recently rolled out DEX trading capabilities for its users, indicating a proactive approach to address security concerns and maintain user trust.
OKX Responds to Security Concerns with Bitcoin Bounty Program
In a direct response to circulating allegations regarding a potential 'backdoor' within its DeFi wallet, OKX CEO Star Xu has announced a substantial bounty. The CEO has committed 10 BTC (Bitcoin) to any user capable of presenting verifiable evidence supporting such claims. This development underscores the exchange's commitment to security and transparency, especially following its recent expansion into decentralized exchange (DEX) trading for its global user base. The offer is a strategic move to address potential vulnerabilities head-on and reinforce user confidence in the platform's integrity.