OKX CEO Offers 10 BTC Bounty for Wallet Security Proof
- 10 BTC bounty offered by OKX CEO for evidence of a wallet backdoor.
- OKX is a top-5 exchange with 60 million users.
- Claims originate from a OneKey employee linking wallets to security risks.
On November 15, 2025, OKX CEO Star Xu announced a 10 BTC bounty for evidence confirming a backdoor in OKX Wallet amid theft allegations from OKxiaohai.
This event highlights ongoing security concerns in crypto wallets, potentially impacting user trust and market dynamics, underscoring the importance of transparency and accountability in the crypto industry.
OKX CEO Star Xu announced a 10 BTC bounty on November 15, 2025, for evidence supporting allegations of a backdoor in the OKX Wallet.
The announcement aims to reassure users and maintain confidence in OKX’s security, amid allegations from a OneKey employee suggesting potential wallet vulnerabilities.
10 BTC Reward to Investigate Allegations
Star Xu offered a substantial 10 BTC reward to motivate public scrutiny of the alleged wallet backdoor. OKX’s wallet code is open-sourced on GitHub, inviting audits from developers and users.
OKxiaohai, a OneKey employee, alleged vulnerabilities after surveying victimized users. These claims initiated the dispute, with accusations centered on widespread wallet issues.
Bounty Offer Sparks Diverse Reactions
The offer has prompted mixed reactions within the crypto community. Some developers are engaging in the bounty, while others remain skeptical of the allegations due to a lack of concrete evidence.
Financial implications are currently minimal, as no broad effects on crypto markets have emerged. However, the incident underscores ongoing debates about wallet security across the industry.
_”Anyone who can provide solid evidence proving the existence of a backdoor in OKX Wallet, our @wallet team will reward 10 BTC. We invite OKX Wallet’s tens of millions of global users to jointly monitor this.” – Star Xu, Founder and CEO of OKX_
Transparency Efforts May Set New Precedents
While not the first security issue in crypto, OKX’s approach of transparency through a bounty is noteworthy. The situation may prompt similar moves in other companies to enhance wallet security confidence.
Analysts suggest that the incident could increase scrutiny on wallet providers, potentially leading to industry standards and audits becoming more critical in the future.
For further reading, check out OKX CEO Offers 10 Bitcoin Reward and OKX Wallet Faces Backdoor Claims.
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