๐ OKX, a leading crypto exchange, is facing a wave of withdrawals, with $204M gone in 24hrs & a whopping $630M in the past week. ๐ฒ
Why? ๐ต๏ธโโ๏ธ Multiple security controversies have shaken user confidence. Two users lost big due to a flaw in the exchange's 2FA security system.
๐ Despite users opting for Google Authenticator for higher security, OKX allows a switch to lower security verification methods during sensitive operations. This loophole bypasses GA verification.
๐ OKX is now investigating these incidents and urging users to enable 2FA for enhanced security. Despite the setback, we're optimistic about the market's resilience.
๐ฌ What's your take on this? Are you still confident in OKX or looking for safer alternatives? Let's chat below! #DeFi #Web3 #CryptoNews