OKX CEO Star Xu has offered a bounty of 10 BTC for users to provide evidence on an alleged backdoor in the exchange’s DeFi wallet. This development comes after the Seychelles-based exchange recently launched DEX trading for users.
The tweet read:
Find 100 victims whose private keys have been leaked and stolen, ask them what wallet they used, and you will come to a conclusion: all wallets have backdoors.
Xu said:
The exchange’s CEO also reiterated the company’s commitment to security and transparency and a willingness to embrace community scrutiny. Xu’s statement has sparked a plethora of reactions but ultimately indicates confidence in the quality of the offered wallet service.
Through the CeDeFi program, OKX aims to reinvent the DEX trading experience by offering zero gas fees, no bridging requirements, and a centralized management interface that gives users access to centralized order books while trading decentralized assets.
At press time, OKX ranks as the fifth-largest crypto exchange by trading volume, processing roughly $1.5 billion in daily trades. The Seychelles-based platform reports 60 million users, with more than 5 million using its DeFi wallet service.
