OKX CEO Offers 10 BTC Bounty to Investigate Wallet Backdoor Claims
Written by Ohris M. Greyoon, Blockchain & Crypto Expert
- Bounty Announcement: On November 15, 2025, OKX CEO Star Xu announced a 10 BTC bounty to investigate allegations of a backdoor in the OKX Wallet, aiming to bolster user confidence in the platform's security amid claims of potential vulnerabilities from a OneKey employee.
- Security Risk Concerns: The bounty stems from concerns over the OKX Wallet's security, as allegations of vulnerabilities were raised after a survey of victimized users, and while no concrete evidence has emerged, the incident could impact user trust and market dynamics.
- Diverse Community Reactions: The bounty offer has sparked mixed reactions within the crypto community, with some developers actively engaging in the investigation while others remain skeptical of the allegations, reflecting ongoing debates about wallet security in the industry.
- Transparency Enhancement: OKX's approach of offering a bounty highlights its commitment to transparency regarding security issues, which may encourage similar initiatives from other companies to enhance user trust and could lead to increased importance of industry standards and audits.
About the author
Ohris M. Greyoon
Ohris M. Greyoon holds a Master’s in Computer Science from MIT and has 10 years of experience in blockchain technology and cryptocurrency markets. A pioneer in decentralized finance (DeFi) analysis, he leads Intellectia’s Crypto News, offering cutting-edge insights into digital assets.
