{"id":18045,"date":"2025-11-16T15:25:51","date_gmt":"2025-11-16T14:25:51","guid":{"rendered":"https:\/\/wsj-crypto.com\/?p=18045"},"modified":"2025-11-16T15:25:51","modified_gmt":"2025-11-16T14:25:51","slug":"okx-ceo-pledges-10-btc-to-challenge-security-claims","status":"publish","type":"post","link":"https:\/\/wsj-crypto.com\/index.php\/2025\/11\/16\/okx-ceo-pledges-10-btc-to-challenge-security-claims\/","title":{"rendered":"OKX CEO Pledges 10 BTC to Challenge Security Claims"},"content":{"rendered":"<p> &#8220;`html<br \/>\n<\/p>\n<div>\n<div class=\"trusted-editorial-content trusted-editorial-content--top\">\n<div class=\"trusted-editorial-content__text\"><u>Trusted Editorial<\/u> material, examined by prominent industry specialists and experienced editors. <a href=\"#\" target=\"_blank\">Ad Disclosure<\/a><\/div>\n<\/p><\/div>\n<p><span style=\"font-weight: 400;\">OKX CEO Star Xu has launched a reward of 10 BTC for individuals to present proof regarding an alleged backdoor in the exchange\u2019s DeFi wallet. This update follows the recent introduction of DEX trading for users by the Seychelles-based exchange.<\/span><\/p>\n<h2><b>Demonstrate Backdoor Existence, Xu Urges Crypto Community<\/b><\/h2>\n<p><span style=\"font-weight: 400;\">On November 15, an X account named OKxiaohai <a href=\"https:\/\/x.com\/OKxiaohai\/status\/1989621229113020871?s=20\" target=\"_blank\" rel=\"noopener nofollow\">asserted<\/a> that the OKX wallet contained a backdoor permitting malicious actors to access users\u2019 private keys. OKxiaohai, an employee with hardware wallet company OneKey, leveraging previous customer service experience, based this bold claim on an inquiry of past theft victims using OKX wallets.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The tweet stated: <\/span><\/p>\n<blockquote>\n<p><span style=\"font-weight: 400;\">Identify 100 victims whose private keys have been exposed and taken, inquire about what wallet they employed, and you will reach a conclusion: all wallets possess backdoors.<\/span><\/p>\n<\/blockquote>\n<p><span style=\"font-weight: 400;\">OKxiaohai\u2019s comments initiated various reactions from certain X users, including im23pds, who <a href=\"https:\/\/x.com\/im23pds\/status\/1989638935770009860?s=20\" target=\"_blank\" rel=\"noopener nofollow\">contradicted<\/a> the correlation between private key losses and users\u2019 errors, a perspective that the claimant also supported. Meanwhile, another X account named xinchne_eth <a href=\"https:\/\/x.com\/xinchne_eth\/status\/1989638740432884098?s=20\" target=\"_blank\" rel=\"noopener nofollow\">accused<\/a> the OneKey staff member of leveraging OKX\u2019s fame for engagement.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">In response to the online stir, OKX\u2019s CEO and notable crypto personality Star Xu <a href=\"https:\/\/x.com\/star_okx\/status\/1989642944736006573?s=20\" target=\"_blank\" rel=\"noopener nofollow\">challenged<\/a> the claimant and the broader crypto audience to supply proof of the alleged backdoor in exchange for 10 BTC, valued at $954,320.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Xu stated: <\/span><\/p>\n<blockquote>\n<p><span style=\"font-weight: 400;\">Anyone able to deliver solid evidence confirming the presence of a backdoor in OKX Wallet, our<\/span><a href=\"https:\/\/x.com\/wallet\" rel=\"nofollow\"><span style=\"font-weight: 400;\"> @wallet<\/span><\/a><span style=\"font-weight: 400;\"> team will bestow 10 BTC. We welcome OKX Wallet\u2019s millions of global users to collaboratively monitor this.<\/span><span style=\"font-weight: 400;\"><br \/><\/span><\/p>\n<\/blockquote>\n<p><span style=\"font-weight: 400;\">The exchange\u2019s CEO further emphasized the firm\u2019s dedication to security and transparency, as well as a readiness to accept community examination. Xu\u2019s remarks have generated a multitude of reactions but ultimately reflect trust in the quality of the provided wallet service.<br \/><\/span><\/p>\n<h2><b>OKX Launches DEX Trading<\/b><span style=\"font-weight: 400;\">\u00a0<\/span><\/h2>\n<p><span style=\"font-weight: 400;\">In additional news, OKX has recently<a href=\"https:\/\/x.com\/okx\/status\/1988985822742552989?s=20\" target=\"_blank\" rel=\"noopener nofollow\"> launched<\/a> a decentralized trading service for users through the CeDeFi program, representing a fusion of centralized and decentralized finance advantages. <\/span><span style=\"font-weight: 400;\">Remarkably, the crypto exchange rolls out a decentralized trading capability on its exchange mobile application that permits users to trade various DEX tokens on Solana, Base, and the X Layer network.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Through the CeDeFi initiative, OKX aspires to transform the DEX trading experience by providing zero gas fees, no bridging necessities, and a centralized management interface that grants users access to centralized order books while trading decentralized assets.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">At the time of reporting, OKX is recognized as the fifth-largest crypto exchange by trading volume, handling approximately $1.5 billion in daily transactions. The Seychelles-based platform boasts 60 million users, with over 5 million utilizing its DeFi wallet service.<\/span><\/p>\n<figure style=\"width: 1563px\" class=\"wp-caption aligncenter\"><img fetchpriority=\"high\" decoding=\"async\" src=\"https:\/\/www.tradingview.com\/x\/4YmjTqZz\/\" alt=\"OKX\" width=\"1563\" height=\"926\"\/><figcaption class=\"wp-caption-text\">Total crypto market capitalization estimated at $3.22 trillion on the daily chart | Source: <a href=\"https:\/\/www.tradingview.com\/chart\/xg17RJqK\/\" target=\"_blank\" rel=\"noopener nofollow\">TOTAL chart on Tradingview.com<\/a><\/figcaption><\/figure>\n<p>Featured image from TNW, chart from Tradingview<\/p>\n<div class=\"trusted-editorial-content trusted-editorial-content--bottom\">\n\t\t\t\t\t\t\t\t\t<img decoding=\"async\" src=\"https:\/\/bitcoinist.com\/wp-content\/uploads\/2025\/02\/safe.png\" class=\"trusted-editorial-content__icon\"\/><\/p>\n<p><strong>Editorial Process<\/strong> for bitcoinist is focused on delivering thoroughly researched, precise, and impartial content. We adhere to strict sourcing protocols, and every page is subject to meticulous review by our team of leading technology specialists and experienced editors. This protocol guarantees the integrity, relevance, and value of our content for our audience.<\/p>\n<\/p><\/div>\n<\/p><\/div>\n<p><br \/>\n<br \/><a href=\"https:\/\/bitcoinist.com\/okx-ceo-offer-10-btc-to-prove-insecurity-allegation\/\">Source link <\/a><br \/>\n&#8220;`<\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8220;`html Trusted Editorial material, examined by prominent industry specialists and experienced editors. Ad Disclosure OKX CEO Star Xu has launched a reward of 10 BTC for individuals to present proof regarding an alleged backdoor in the exchange\u2019s DeFi wallet. This update follows the recent introduction of DEX trading for users by the Seychelles-based exchange. Demonstrate<\/p>\n","protected":false},"author":3,"featured_media":18046,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[22],"tags":[4266],"class_list":{"0":"post-18045","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-bitcoin","8":"tag-gptreturn-a-list-of-comma-separated-tags-from-this-title-okx-ceo-offers-10-btc-to-prove-insecurity-allegation-gpt"},"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.3 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>OKX CEO Pledges 10 BTC to Challenge Security Claims - WSJ-Crypto<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/wsj-crypto.com\/index.php\/2025\/11\/16\/okx-ceo-pledges-10-btc-to-challenge-security-claims\/\" \/>\n<meta property=\"og:locale\" content=\"it_IT\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"OKX CEO Pledges 10 BTC to Challenge Security Claims - WSJ-Crypto\" \/>\n<meta property=\"og:description\" content=\"&#8220;`html Trusted Editorial material, examined by prominent industry specialists and experienced editors. 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