OKX Star: Calls for jointly building industry-wide security standards and opposes making security a competitive arena

Article

OKX Star: Calls for jointly building industry-wide security standards and opposes making security a competitive arena

BlockBeats news,October 30, according to official sources, regarding recent security incidents involving Bybit, Bitget, and Binance,OKX founder and CEO Star stated that security should not be an arena for commercial competition, but rather a shared responsibility of the entire crypto industry. Over the past decade, major exchanges have made significant progress in private key protection, but potential risks remain in access control and wallet management systems. He emphasized that no system is absolutely secure, and any major security vulnerability at an exchange could undermine trust across the entire industry.

Star called on major exchanges in the crypto industry to strengthen cooperation and jointly establish stricter industry security standards and coordinated response mechanisms, including adding verification and security delays for large withdrawals to unknown addresses and smart contract authorization transactions, as well as implementing key security restrictions at the cryptographic-signature layer. At the same time, the industry should establish real-time security incident notifications, joint monitoring of suspicious funds, and rapid response mechanisms, while promoting collaborative research in areas such as post-quantum cryptography and AI security threat defenses. He emphasized that no single company can safeguard the future of the crypto industry alone.

Original link https://m.theblockbeats.info/flash/374546