Key notes
- Star Xu announced a reward of 10 bitcoins for proof of the existence of backdoors to the wallet.
- OKX Wallet code is open on GitHub for independent audits.
- The community and developers are encouraged to enhance the security of the platform.
OKX CEO, Star Xu, announced a 10 BTC reward to anyone who can prove the existence of a backdoor in an OKX wallet. The announcement comes on November 15, 2025 after 50 Ethereum were reported stolen, prompting users and developers to check the wallet for security and safety.
Star Xu invites developers to check OKX wallet
Based on the update on the reward offer, Xu reiterated that security and transparency are important and encouraged developers to audit the wallet code.
As of today’s market price, the 10 Bitcoin reward is worth approximately $963,300. OKX has made the wallet code available on GitHub, allowing anyone to inspect it. Xu says the challenge is open to millions of users around the world who want to verify the security of the platform.
In response to the recent accusation by a user after 50 ETH was stolen, OKX CEO Star Xu stated that anyone who can provide conclusive evidence proving the existence of a backdoor in OKX Wallet will be rewarded with 10 BTC. He stressed that security and transparency are essential, and…
— Wu Blockchain (@WuBlockchain) November 15, 2025
Meanwhile, market participants note that this announcement comes at a time when cryptocurrency platforms are facing increasing security threats. For example, Coinspeaker recently reported that the DeFi Balancer project suffered a major exploit, losing around $116.6 million.
Notably, some observers see the bounty as a way to increase trust in OKX while giving external developers a chance to test the system. Shaw stresses that the offer is part of a broader effort to achieve transparency, and not just a reaction to the recent theft.
It should be noted that some members of the cryptocurrency community offered other viewpoints. For example, OKxiaohai posted that if one looked at 100 victims whose private keys were stolen, it would appear that all wallets had backdoors.
Security efforts aim to build trust
Market participants believe that the 10 Bitcoin reward could motivate developers and researchers to carefully examine the wallet. Experts recommend comprehensive reviews to keep the system secure, especially with several new tokens and updates coming in November 2025.
Some added that by offering this reward, cryptocurrency exchange OKX shows that it takes security seriously. The company follows anti-money laundering rules and international standards. No one has found a hidden backdoor yet, but the challenge could be a good example of transparency in the world of cryptocurrencies.
It is worth noting that OKX has been in the news recently for other reasons. Coinspeaker reported that OKX accused Binance of poaching employees. As noted by the cryptocurrency exchange, nearly 100 former OKX managers have joined Binance, with pay increases ranging from 100% to 500%.
In addition, OKX and Standard Chartered have recently started offering cryptocurrency services in Europe. Through this partnership, institutions can trade digital assets on OKX while keeping their funds safely stored with the bank under a MiCA license.
Notably, the 10 Bitcoin initiative shows how far OKX CEO Star Xu is willing to go to make security and safety a priority. Market experts believe that OKX wants to engage the community to build more trust in Web3 platforms. As the investigation continues, users and developers will be watching closely to see if any issues are found.
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Disclaimer: Coinspeaker is committed to providing unbiased and transparent reporting. This article aims to provide accurate and timely information but should not be considered financial or investment advice. Since market conditions can change rapidly, we encourage you to verify the information yourself and consult with a professional before making any decisions based on this content.
Benjamin Godfrey is a blockchain enthusiast and journalist who enjoys writing about real-life applications of blockchain technology and innovations to drive public acceptance and global integration of emerging technology. His desire to educate people about cryptocurrencies inspires his contributions to popular blockchain media and websites.
The post Star Xu Offers 10 Bitcoin Reward in Latest OKX Wallet Security Review first appeared on Investorempires.com.
