OKX CEO Star Xu Addresses Wallet Security Allegations and Offers 10 BTC Bounty
Written by Ohris M. Greyoon, Blockchain & Crypto Expert
Source: Coinmarketcap
Updated: Dec 28 2025- Security Bounty: OKX CEO Star Xu responds to wallet backdoor security allegations by offering a 10 BTC bounty for evidence, indicating the company's commitment to user security while raising market scrutiny on its security measures.
- User Caution: Xu emphasizes the need for users to audit the OKX wallet code, encouraging transparency to bolster trust, reflecting the industry's heightened vigilance towards digital asset security vulnerabilities, which may impact confidence in centralized storage solutions.
- Market Reaction: Following Xu's announcement, active community discussions emerged across various platforms, indicating increased user concern regarding wallet security, potentially leading to stricter future security standards.
- Ethereum Dynamics: Ethereum's current price stands at $2,946.10 with a market cap of $355,578,933,159 and a market dominance of 11.96%, but trading volumes saw a significant 52.50% reduction over the past 24 hours, highlighting market sensitivity to security issues.
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.
