OKX Hack And What This Means

[SoftPotato]

In recent news, the crypto exchange OKX experienced significant outflows totaling $204 million within 24 hours and $633 million over the past week. This occurred following reports of a coordinated hack targeting two OKX users, resulting in assets being withdrawn by attackers who bypassed the platform's security measures.
The incidents have sparked concerns about security practices at OKX, with one user alleging the theft of $11 million from their account without receiving any notifications or utilizing two-factor authentication (2FA). OKX has responded by stating they are investigating the incidents and are willing to accept responsibility for losses if their security standards are found lacking.
More exchanges have been taking extra measures to ensure more security of their user's assets like Bitget recently partnered with an AI company to fight against deepfake technology used in fake KYC processes and they strive to keep up their records of having no known security breaches.
Users affected by the OKX breach or concerned users should look for more secure CEXs to trade on and do research about more secure exchanges

[Victor]

1 hour ago, SoftPotato said:

In recent news, the crypto exchange OKX experienced significant outflows totaling $204 million within 24 hours and $633 million over the past week. This occurred following reports of a coordinated hack targeting two OKX users, resulting in assets being withdrawn by attackers who bypassed the platform's security measures.
The incidents have sparked concerns about security practices at OKX, with one user alleging the theft of $11 million from their account without receiving any notifications or utilizing two-factor authentication (2FA). OKX has responded by stating they are investigating the incidents and are willing to accept responsibility for losses if their security standards are found lacking.
More exchanges have been taking extra measures to ensure more security of their user's assets like Bitget recently partnered with an AI company to fight against deepfake technology used in fake KYC processes and they strive to keep up their records of having no known security breaches.
Users affected by the OKX breach or concerned users should look for more secure CEXs to trade on and do research about more secure exchanges

I was already thinking that scammers have upped their game seeing as as how I heard they started using deepfake tech but I really didn't expect this hack. Still, it has awoken people and looks like some exchanges like the one you mentioned are making quick moves.