OKX CEO Offers $10 Million Bounty for Wallet Backdoor Proof

OKX CEO Star Xu has announced a significant reward of 10 BTC ($600,000 USD) to anyone who can provide conclusive evidence of a backdoor in the OKX Wallet. The initiative aims to bolster user trust and transparency in the wake of recent security allegations. Xu emphasizes community involvement by inviting scrutiny of the wallet’s open-source key modules while acknowledging that some software elements remain proprietary. 10 BTC reward for evidence of backdoor will be offered to the person who provides proof. The announcement highlights OKX’s commitment to addressing concerns and promoting safety for its users. 10 BTC is being offered as a clear signal to those who may have valid concerns about this platform, encouraging them to participate in the auditing process. The initiative has sparked heightened scrutiny of cryptocurrency platforms and raised questions about industry trust. While no immediate regulatory or market changes have been observed, user skepticism remains high regarding platform security practices.