Cryptocurrency is in constant flux, and only security can become a steadfast anchor for the industry.
Currently, OKX serves and guarantees transactions worth $29 trillion for over 50 million users worldwide. This is not just a pile of numbers, but the result of time-honed experience, technological innovation, and a sense of responsibility. Amidst market volatility and uncertainty, every transaction and every flow of funds deepens users' trust in OKX.
With frequent security incidents in the industry, how can exchanges prove the authenticity of their security commitments? Recently, OKX launched "OKX Protect," with the service motto of "anytime, anywhere, dedicated service, always on standby." It publicly showcases a systematic product security mechanism that includes AI monitoring, Proof of Reserves (PoR), self-custody, 24/7 expert support, regulatory compliance, a network defense team, and a feedback mechanism. The aim is to lead industry security standards while enhancing user security education, providing a safer and more transparent cryptocurrency trading environment for more users.
Next, we will delve into some of the security mechanisms within "OKX Protect" and analyze how OKX ensures the safety of users and their assets.
1. Advanced AI Monitoring
OKX demonstrates a significant trend of "proactivity" in the field of security protection, which deserves high attention. Unlike traditional finance, which mainly relies on post-event recovery mechanisms, OKX employs an advanced AI monitoring system that can analyze tens of thousands of on-chain transactions per second, allowing for better early identification of potential fraud risks. For example, its unique Eagle Eye technology, as an AI-driven deepfake detection and document verification technology, can accurately identify impersonators; TARDIS leverages AI and machine learning to deeply analyze user behavior and transaction sequences, greatly enhancing fraud detection capabilities; the SkyNet AI model focuses on detecting on-chain fraudsters and fraudulent addresses, identifying and marking malicious activities through blockchain data analysis. This exceptional ability to block risks at the source is reshaping the standards for cryptocurrency asset security protection. A deeper insight is that the deep integration of AI technology into risk control will become a key element in the future development of the industry.
2. 24/7 Expert Support and Network Defense Team
OKX not only provides 24/7 expert support from security specialists but has also assembled a world-class network defense team dedicated to identifying and mitigating various security threats, fully safeguarding user asset security. This team brings together top security experts from leading technology companies and financial institutions worldwide, committed to proactively discovering and addressing potential risks. To ensure digital asset security, OKX employs a multi-layered security strategy, including penetration testing to simulate real attack scenarios, regular security audits to strengthen system defenses, and role-based access control (RBAC) to strictly manage sensitive information. Additionally, OKX conducts employee security training to reduce security risks from human error and provides 24/7 customer service to respond to user needs at any time. With this systematic and comprehensive security protection measure, OKX meticulously refines its security strategies at all levels, aiming to create a safer trading environment for users.
3. Monthly PoR Releases
In the field of user asset verification, OKX was one of the first platforms to launch this key tool back in 2022, and it is the first cryptocurrency exchange in the industry to achieve two years of PoR releases. Over the past two years, OKX has consistently published PoR reports monthly, with the number of cryptocurrencies verified growing steadily from the initial 3 to 22. At the same time, OKX continues to drive technological innovation, introducing cutting-edge technologies such as Merkle trees, full-view Merkle trees, and zk-STARKs to comprehensively upgrade the PoR system. Furthermore, OKX's PoR has achieved significant breakthroughs in efficiency, reducing the proof document size used for user verification from 2.55GB to 598KB. OKX is committed to asset transparency, allowing users to independently verify OKX's solvency while fully protecting user privacy. This initiative has received high recognition from blockchain expert Nic Carter, who rated it as representing the highest level of PoR quality among mainstream exchanges. Starting from January 2025, OKX's PoR reports will be independently verified by the globally renowned cybersecurity company Hacken. Since 2017, Hacken has focused on blockchain security, striving to set excellent security standards for the industry. This collaboration will further enhance OKX's fund transparency, providing users with a higher level of asset protection and continuously strengthening the platform's industry-leading position in security credibility.
4. Web3 Self-Custody Wallet
The OKX Web3 wallet achieves true "asset control by you" through open-source code, multiple security audits, and an on-chain risk control system. The core code of the wallet is fully open, including key algorithms such as mnemonic phrases, MPC, and transaction routing, actively accepting scrutiny from the global tech community. This openness not only demonstrates OKX's high confidence in its technical capabilities but also leverages the wisdom and strength of the community to continuously optimize security standards, ensuring the safety and transparency of user assets. At the same time, the OKX Web3 wallet undergoes regular security audits, successfully detecting and blocking over 252K malicious domains, 16.8M suspicious addresses, and high-risk transactions, providing comprehensive protection for user assets. Additionally, the on-chain risk control system can identify and intercept suspicious DApps and high-risk tokens in real-time, preventing fraud risks, while the wallet backup guide ensures asset recoverability, allowing users to maintain control over their funds' safety.
5. Asset Storage & Platform Security
The OKX exchange employs a security system that combines cold wallets and hot wallets to ensure user assets are secure and stable. Cold wallets effectively isolate network risks through offline storage, remote encrypted backups, and decentralized management; hot wallets combine semi-offline multi-signature technology, big data risk control, and insurance funds to provide users with dual guarantees of efficient trading and security protection. The real-time risk management mechanism can accurately identify abnormal transactions, ensuring the platform operates stably and providing additional protection for user assets even in extreme market conditions. Furthermore, OKX utilizes advanced technologies such as DDoS protection, fraud detection, and blockchain monitoring to identify and block fraud and malicious activities in real-time. At the same time, end-to-end encryption technology ensures user data security, with regular automatic backups to ensure data can be restored in case of system failures. Strict API security protocols further ensure the safety of third-party integrations, comprehensively protecting account information from external threats and striving to provide users with a secure and reliable trading environment.
6. Account Protection
At OKX, account security is asset security. To ensure the safety of user funds, OKX provides multiple protective measures, including enabling two-factor authentication (2FA) to add a layer of account protection, setting anti-phishing codes to identify genuine emails and prevent phishing scams, managing connected devices to ensure only authorized devices can access accounts, using strong passwords to enhance account security, and implementing withdrawal address whitelists to restrict fund transfers to verified addresses, avoiding unauthorized transfers. Additionally, OKX employs Eagle Eye deepfake detection technology, real-time security alerts, OCR text recognition, and intelligent risk control systems to provide users with comprehensive security protection. Through these measures, not only can user assets be protected, but user awareness of security prevention can also be enhanced, further safeguarding user asset security.
7. Security Audits
OKX prioritizes platform security, collaborating with industry-leading security companies such as HACKEN and SlowMist to conduct regular independent external audits, detecting potential vulnerabilities and preventing various threats to ensure platform security. For instance, multiple modules of the OKX Web3 wallet have been audited by the third-party security agency SlowMist. These include the AA smart contract account module, the Ordinals trading module, and the private key security module, with all audit reports indicating that relevant risk items have been addressed, and private keys are stored only on user devices without being sent to external servers, ensuring the safety of user assets and information. These audit results ensure that the OKX Web3 wallet meets high standards of security, protecting users' cryptocurrency assets.
8. Bug Bounty and Ethical Hacker Rewards
In terms of security system design, OKX has launched a bug bounty and ethical hacker rewards program, transforming potential attackers into co-builders of security, breaking the traditional adversarial relationship between offense and defense. This "ecological security" approach is more sustainable, while innovatively combining regulatory compliance frameworks with on-chain data analysis to construct a new regulatory technology model that shifts compliance from passive adherence to active verification. Users can submit discovered service errors and security vulnerabilities to receive generous bug bounties, jointly promoting the enhancement of wallet security with OKX.
9. Compliance
OKX complies with local laws and regulations in every operating region to ensure the legality and security of the platform. Through on-chain monitoring, internal platform monitoring, and adherence to the Travel Rule, it effectively prevents fraud, money laundering, and other illegal activities, safeguarding users' transaction security and asset traceability. At the same time, OKX reduces the risk of transactions with criminals or non-compliant partners by verifying private addresses and screening third-party vendors. The company is committed to ensuring high security standards and trustworthy partnerships through rigorous review and auditing, safeguarding users' cryptocurrency assets.
10. 8 Security Tips + 6 Types of Scams
Regarding security issues directly related to users, "OKX Protect" lists six types of scams that users may encounter: phishing scams, donation scams, pig-butchering scams, fake exchanges, ICO scams, and Ponzi schemes, as well as eight security tips: using unique strong passwords, enabling two-factor authentication (2FA), being cautious of phishing attacks, storing digital currencies in secure wallets, enabling message notifications, being alert to social engineering attacks, enabling withdrawal whitelists, and using passkeys to secure accounts. Users can click to view the details page to understand and respond to potential threats in advance. These security measures complement each other, allowing users to significantly enhance account security through a series of simple and effective actions, timely addressing increasingly complex online threats.
OKX implements a structured three-layer architecture for security value realization, including exchange system protection, wallet private key control, and user security education, thereby redefining the allocation of responsibilities for asset security. Users maintain ultimate control through self-custody, while the platform assumes the responsibility of infrastructure protection through advanced system defenses. This system ensures comprehensive protection of assets and provides users with clearer security guarantees.
Through multiple audits, self-custody, open-source code, and bug bounty programs, OKX has successfully embedded security into its product design, creating a high transparency and high trust security ecosystem. This open and transparent security mechanism not only enhances the platform's self-supervision but also promotes the healthy development of the Web3 ecosystem and a new height of asset transparency, marking OKX's determination to lead industry security standards. In the rapid development of Web3, security has become a core pillar of the platform's trustworthiness.
Disclaimer
This content is for reference only and does not constitute or should not be viewed as (i) investment advice or recommendation, (ii) an offer or solicitation to buy, sell, or hold digital assets, or (iii) financial, accounting, legal, or tax advice. We do not guarantee the accuracy, completeness, or usefulness of such information. Digital assets (including stablecoins and NFTs) are subject to market fluctuations, involve high risks, and may depreciate or even become worthless. You should carefully consider whether trading or holding digital assets is suitable for you based on your financial situation and risk tolerance. For your specific circumstances, please consult your legal/tax/investment professionals. Not all products are available in all regions. For more details, please refer to OKX's terms of service and risk disclosure & disclaimer. The OKX Web3 mobile wallet and its derivative services are subject to separate terms of service. You are responsible for understanding and complying with applicable local laws and regulations.
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