OKX CEO Offers 10 BTC Bounty After Accusation of Wallet Backdoor
OKX CEO Star Xu has responded to a recent accusation involving 50 ETH stolen from a user by announcing a 10 BTC bounty for anyone who can provide verifiable evidence that a backdoor exists inside OKX Wallet. Xu emphasized that transparency and security remain core principles of the platform and encouraged the community to audit and review the wallet’s architecture.
What Sparked the Controversy
The accusation surfaced after a user claimed that their 50 ETH was stolen due to a hidden vulnerability in OKX Wallet. The claim did not include technical proof but spread quickly across social media, causing concern among crypto users. OKX stated that its internal investigation found no evidence of compromise, suggesting phishing or compromised private keys as more likely causes.
Star Xu’s Public Challenge
To address the rumors directly, Star Xu announced a 10 BTC reward for anyone who can conclusively prove the existence of a wallet backdoor. The evidence must be reproducible and technically sound, ensuring no ambiguity in the findings. Xu’s stance signals confidence in OKX Wallet’s security and reinforces the company’s commitment to open review and community-driven verification.
Security and Transparency Remain Central
Xu reiterated that OKX regularly undergoes external audits and follows strict internal processes to ensure wallet safety. He urged users to strengthen their personal security practices, noting that most wallet breaches are caused by phishing attacks, malware-infected devices, or unsafe seed phrase storage rather than structural wallet flaws.
Renewed Debate on Self-Custody Risks
The situation has revived discussions in the crypto community about the balance between self-custody freedom and the risks associated with it. Experts highlight the importance of hardware wallets, multisig setups, and good operational security. As self-custody grows, user education becomes increasingly critical to prevent similar incidents.
