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OKX CEO Star urges exchanges to cooperate on security

NewsFeeds update

OKX founder and CEO Star says security should not be a area of business competition but a shared responsibility across crypto, warning that a major breach at any exchange can damage industry trust. He calls for joint standards, extra checks and delays on large withdrawals to unknown addresses and smart contract approvals, and coordinated incident response.

RegulationOdailyAIBullish

Read the original on Odaily

The story so far: OKX CEO calls for industry security cooperation

OKX founder Star praised Circle and Tether's handling of the suspected Binance theft and called for a shared industry security response with real-time alerts and fund freezing. He now urges exchanges to treat security as a shared responsibility, proposing joint standards, extra checks, withdrawal delays…

  1. OKX founder Star calls for industry-wide real-time security and freezing system

    OKX founder Star praised Circle and Tether's handling of the suspected Binance theft and called for exchanges and stablecoin issuers to build a shared security response mechanism. He proposed real-time alerts, information sharing and temporary freezing of suspect funds within minutes, with standardised procedures and clear roles.

    StablecoinsChainCatcherAIBullish

  2. OKX CEO Star urges exchanges to cooperate on security

    OKX founder and CEO Star says security should not be a area of business competition but a shared responsibility across crypto, warning that a major breach at any exchange can damage industry trust. He calls for joint standards, extra checks and delays on large withdrawals to unknown addresses and smart contract approvals, and coordinated incident response.

    RegulationOdailyAIBullish

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Every Regulation update on NewsFeeds

Every update is a short rewrite, by AI in our own words, of a flash from the outlet named on it, credited and linked. Updates are joined into one story by AI; our editors can change a story’s name or take an update out. Not investment advice.