OKX CEO Launches 10 BTC Bounty for Wallet Backdoor Evidence

OKX CEO Star Xu offers a 10 BTC bounty for proof of a backdoor in the OKX Wallet, inviting global scrutiny to reinforce security and transparency after a reported theft. The challenge remains open, aiming to boost user trust.

OKX CEO Star Xu has announced a 10 BTC bounty for anyone who can provide verifiable evidence of a backdoor in the OKX Wallet, following a user complaint after 50 ETH was allegedly stolen. The initiative aims to address concerns about the wallet's security and demonstrate the company's commitment to transparency and user safety. Xu invited the global community, including developers and security specialists, to audit the wallet's code, which is available on GitHub. The bounty offer, which does not have a specified expiration date, is intended to encourage public scrutiny and reinforce trust in OKX’s infrastructure. This move is seen as a proactive step to counter rumors, motivate thorough security reviews, and potentially set a new standard for transparency in the cryptocurrency industry. No evidence of a backdoor has been found so far, but the challenge remains open, with the reward currently valued at nearly $1 million. The announcement comes amid rising concerns about digital asset security, with reports of significant losses due to scams and vulnerabilities in the crypto sector.