A large amount of funds were stolen from the OKX exchange! Affected by this incident, user funds have flowed out by 630 million US dollars, which exceeds the total outflow from other exchanges.
The reason for the theft was that the thieves stole the OKX user information, used AI to change the face of the user, and deceived the OKX customer service to review and reset the stolen user's account password and other information! In the end, all the assets of more than 3 million US dollars in this user's account were robbed! This is simply outrageous!
However, at present, the responses given by the Ouyi platform and its customer service to the victims are only perfunctory, and they even make irresponsible remarks such as saying that the platform is also a victim!
Second, it is not an isolated case! At the time of posting, more than 11 million US dollars of funds were stolen from the account of a KOL with more than 3,000 fans, including the main account and sub-accounts. This is not an exaggeration, as he himself posted the whole process!
The following was posted by him personally on a certain platform and is forwarded here to warn fellow users to manage their assets carefully!
Another big V with more than 100,000 followers publicly challenged OKX for having major management loopholes. She said that more than 100,000 U were stolen from her OKX account.
3. Recently, the OKX exchange has exposed systemic risks in account security. Major KOLs and users have pointed out that account assets have been stolen. What we need to do more is to prevent assets from being stolen or hacked. Here are a few personal thoughts:
1. The first is the issue of the exchange chosen. Users accused OKX of not fulfilling their responsibilities, which they do have. They were negligent in security protection, negligent in lax personnel review and control, and negligent in not properly handling and announcing the results of the investigation in the first place. It is not clear whether it was the internal staff of OKX who colluded with hackers to steal the assets or for some other reason. I hope that users whose assets have been stolen can get their assets back.
As for my friends asking me which exchange to use, I think Binance deserves its reputation as the largest exchange in the universe. It is safe and secure to keep your assets here. Their staff and bosses are very responsible. I don’t need to say much about the flat management and attentive service. The top female host and bosses of Binance often answer many questions from new fans and employees on the front line, and they have been doing this for years. There has never been a situation where they look down on anyone. This is very worth learning for OKX.
The cryptocurrency world is inherently flat, and it is not a good thing for retail investors to be too far away and too high up.
OKX has been plagued by negative public opinion lately, but it was allowed to ferment without anyone standing up to communicate with the public.
2. Try not to log in to the exchange on a computer, and trading on a computer is not very intuitive. You can use a computer to look at the K-line. If you use a mobile phone, use an iPhone, which is safer. Set up a strong reminder for new emails. If you find any abnormalities in your account, Binance will push information in time to remedy and prevent them as soon as possible!
3. Don't put all your eggs in one basket. If possible, get a cold wallet or physically isolate a mobile phone that you don't use often by disconnecting it from the Internet and using it as a cold wallet. Large funds can be dispersed, partly in a cold wallet and partly in an exchange. I have seen several owners put their money in an exchange.
4. Do not randomly send your account’s API everywhere, because many users like to access real-time data and some operations outside the site, which requires your account’s API code to access, so if the API and IP are leaked, your assets may also be knocked out. But it is not clear why the user’s OKX assets of 30,000 U were knocked out?
5. Use the antivirus software on your phone to check the OUYI exchange to see if there is any function to steal private keys? This big V’s experience of being stolen scared me. As shown in the picture
Finally, I hope that friends in the cryptocurrency circle will do a good job of asset security precautions. Do not put your account password, personal information, and wallet private key on the Internet at will. Try to do a good job of physical isolation and regularly perform account security checks to ensure a safe and free trading environment!
