In the wake of a recent incident involving the theft of 50 ETH, OKX has come under scrutiny after a user alleged that a backdoor might exist in the OKX Wallet. The crypto community quickly took notice, sparking widespread discussions around wallet safety and the potential for hidden vulnerabilities in centralized platforms.
The user’s claim suggested that the funds were drained through unknown means, raising concerns about the integrity of OKX’s wallet infrastructure. However, OKX CEO Star Xu promptly responded to these allegations, firmly denying the existence of any such exploit or vulnerability in the platform.
Star Xu Puts 10 BTC on the Line
In a bold move to prove the wallet’s security and regain user trust, Star Xu announced a 10 BTC bounty—worth over $350,000—for anyone who can provide conclusive proof that a backdoor exists in the OKX Wallet. His public challenge was aimed not only at dismissing rumors but also at reinforcing OKX’s commitment to transparency and open security validation.
Xu emphasized, “We welcome any professional audit or user to look into this. If there’s a real backdoor, bring the evidence, and you’ll get 10 BTC.”
This approach of incentivized transparency demonstrates OKX’s willingness to engage the community in decentralized auditing and security validation efforts.
In response to a recent accusation by a user after 50 ETH was stolen, OKX CEO Star Xu stated that anyone who can provide conclusive evidence proving a backdoor exists in OKX Wallet will be rewarded with 10 BTC. He emphasized that security and transparency are fundamental, and…
— Wu Blockchain (@WuBlockchain) November 15, 2025
Reinforcing Transparency and Security
OKX has long positioned itself as a secure, user-first crypto platform. In light of this controversy, the company has reiterated its core values of security, transparency, and community accountability. Offering such a significant reward is a testament to its confidence in the robustness of its wallet’s design.
While investigations continue into the specific case of the 50 ETH theft, the broader crypto audience is watching closely. Whether the bounty will attract white-hat hackers or uncover any flaws remains to be seen, but the message is clear: OKX is not hiding behind closed doors—it’s opening them.