🔔 OKX, a leading crypto exchange, is facing a wave of withdrawals, with $204M gone in 24hrs & a whopping $630M in the past week. 😲
Why? 🕵️♂️ Multiple security controversies have shaken user confidence. Two users lost big due to a flaw in the exchange's 2FA security system.
🔐 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.
🚀 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.
💬 What's your take on this? Are you still confident in OKX or looking for safer alternatives? Let's chat below! #DeFi #Web3 #CryptoNews