OKX CEO Pledges 10 BTC Reward to Challenge Wallet Backdoor Claims

Written by Ohris M. Greyoon, Blockchain & Crypto Expert

Source: Coinmarketcap

Updated: Nov 15 2025

Allegations of Backdoor: After the theft of 50 ETH, a user alleged that a backdoor might exist in the OKX Wallet, raising concerns about wallet security and integrity.
CEO's Response: OKX CEO Star Xu denied the allegations and offered a 10 BTC bounty for anyone who can provide conclusive evidence of a backdoor, emphasizing the company's commitment to transparency and security.
Community Engagement: Xu's challenge aims to involve the community in decentralized auditing and security validation, reinforcing OKX's core values of security, transparency, and accountability.
Ongoing Investigations: As investigations into the theft continue, the crypto community is closely monitoring the situation to see if the bounty attracts white-hat hackers or reveals any vulnerabilities.

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.

OKX CEO Pledges 10 BTC Reward to Challenge Wallet Backdoor Claims

About the author

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