Star Xu Offers 10 Bitcoin for Proving Backdoor in OKX Wallet

OKX CEO Offers 10 Bitcoin Reward for Security Check

OKX CEO Star Xu announced a reward of 10 Bitcoin for proof of a backdoor in the OKX Wallet after a theft of 50 ETH.
The wallet's code is available on GitHub for public examination.
The reward, valued at approximately $963,300, aims to enhance security and transparency.
This initiative follows increased security threats, such as the recent $116.6 million loss by DeFi project Balancer.
The reward seeks to build trust and involves external developers in testing the system.
No evidence of a hidden backdoor has been found yet, but the offer promotes transparency.
OKX also faces other challenges, including employee poaching by Binance and expansion in Europe with Standard Chartered.