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OKX launches "Ouyi Protect" to disclose 9 major product safety mechanisms
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20 hours ago 8,226

OKX launches

OKX currently provides services and guarantees for US$29 trillion transactions of more than 50 million users worldwide. This is not a pile of numbers, but also the result of time tempering, technological innovation and responsibility. In the market volatility and uncertainty, every transaction and every capital flow are a further deepening of users' trust in OKX.

Industry safety accidents occur frequently. How can the exchange prove the authenticity of its safety commitments? Recently, OKX launched "Ouyi Protect", with the service purpose of "serving all the time, serving hard, and being on standby all the time". It publicly demonstrated systematic product security mechanisms such as AI monitoring, POR, self-hosting, all-weather expert support, regulatory compliance, network defense teams, and feedback mechanisms. It aims to lead industry security standards while strengthening user security education and provide more users with a safer and transparent crypto trading environment. (Direct link: https://www.okx.com/zh-hans/protect)

Next, we will explore in-depth some security mechanisms in "Ouyi Protect" and analyze how OKX protects the security of users and their assets.

1. Advanced AI monitoring

OKX shows a significant "active" trend in the field of security protection, which deserves great attention. Unlike traditional finance that mainly relies on post-recovery mechanisms, OKX uses advanced advanced AI monitoring systems to analyze tens of thousands of on-chain transactions per second, so as to better identify potential fraud risks in advance. For example, its unique Eagle Eye technology, as an AI-driven deep pseudo detection and certificate authentication technology, can accurately identify impostors; TARDIS uses AI and machine learning to deeply analyze user behavior and transaction sequences, greatly strengthening its fraud detection capabilities; SkyNet AI model focuses on detecting fraudsters and fraud addresses on the chain, and identifying and marking malicious activities through blockchain data analysis. This superior ability to block risks from the source is reshaping the standards for security protection of crypto assets. But the deeper inspiration is that AI technology is deeply integrated into the risk control field and will become a key factor in the future development of the industry.

2. All-weather expert support and network defense team

OKX is not only equipped with security experts to provide all-weather expert support, but also formed a world-class network defense team to fully identify and reduce various security threats and fully escort user asset security. The team gathers from all over the worldTop security experts at technology companies and financial institutions are committed to identifying and addressing potential risks ahead of time. To ensure the security of digital assets, OKX adopts a multi-level security strategy, including penetration testing to simulate real-life attack scenarios, regular security audits to strengthen system defense, and role-based access control (RBAC) to strictly manage sensitive information. In addition, OKX also carries out employee safety training to reduce safety risks caused by human errors, and provides 7×24-hour manual customer service to respond to user needs at any time. With this systematic and comprehensive security protection measure, OKX has carefully polished its security strategies at all levels and is committed to creating a safer trading environment for users.

3. Release POR on a monthly basis

In the field of user asset verification, OKX launched this key tool as the first batch of platforms as early as 2022, and it is the first crypto exchange in the industry to reach the second anniversary of the release of POR. In the past two years, OKX has always insisted on releasing PoRs monthly, and the number of publicly announced currencies has steadily increased from the initial three to 22. At the same time, OKX continues to promote technological innovation, and has successively introduced cutting-edge technologies such as Merkel Tree, Full View Merkel Tree and zk-STARK to comprehensively upgrade the PoR system. In addition, OKX POR has also completed a major breakthrough in the efficiency level, with the size of the proof file used for user verification significantly reduced from 2.55GB to 598KB. OKX has always been committed to the transparency of user assets. On the premise of fully protecting user privacy, users can independently verify OKX's solvency at any time. This measure has been highly recognized by blockchain expert Nic Carter and has been rated as the highest level of PoR quality representing mainstream exchanges. Starting from January 2025, the OKX POR report will be independently verified by Hacken, a world-renowned cybersecurity company. Hacken has been focusing on the field of blockchain security since 2017 and has always been committed to setting excellent security standards for the industry. This cooperation will further enhance OKX's financial transparency, provide users with higher-level asset protection, and continue to strengthen the platform's industry leadership in security and credibility.

4. Web3 self-hosted wallet

OKX Web3 wallet truly realizes that "the assets are under your control" through open source code, multiple security audits and on-chain risk control systems. The core code of the wallet is fully open, including key algorithms such as mnemonics, MPC and transaction routing, and actively accepts review by the global technology community. This open measure not only demonstrates OKX's high confidence in its own technical strength, but also uses the wisdom and strength of the community to continuously optimize security standards to ensure the safety and transparency of user assets. At the same time, OKX Web3 wallet also conducts regular security audits, and has successfully detected and intercepted. It has successfully detected and intercepted. The malicious domain name 252K+, similar address 16.8M+, high-risk tokens 2.04M+, and high-risk transactions 9.57M+, protect user assets in all aspects. In addition, the on-chain risk control system can identify and intercept suspicious DApps and high-risk tokens in real time to prevent fraud risks, while the wallet backup guide ensures asset recovery and allows users to always keep their funds safe.

5. Asset storage & platform security

OKX Exchange adopts a security system that combines cold wallets and hot wallets to ensure that user assets are stable and worry-free. Cold wallets effectively isolate network risks through offline storage, off-site encryption backup and decentralized management; hot wallets combine semi-offline multi-signature technology, big data risk control and insurance funds to provide users with dual guarantees of efficient transactions and security protection. The real-time risk management mechanism can accurately identify abnormal transactions, ensure the stable operation of the platform, and provide additional protection for user assets even in extreme market conditions. In addition, OKX uses advanced technologies such as DDoS protection, fraud detection and blockchain monitoring to identify and prevent fraud and malicious behavior in real time. At the same time, end-to-end encryption technology ensures the security of user data and performs automatic backups regularly to ensure that data can be restored in the event of system failure. Strict API security protocols further ensure the security of third-party integration, comprehensively protect account information from external threats, and are committed to providing users with a safe and reliable trading environment.

6. Account protection

In OKX, account security is asset security. To ensure the safety of user funds, OKX provides multiple protection measures, including enabling dual-factor authentication (2FA) to add account protection layer, setting anti-phishing codes to identify real emails, preventing phishing scams, managing connected devices to ensure that only authorized devices can access accounts, using strong passwords to enhance account security, and limiting funds to be transferred to certified addresses through a whitelist of withdrawal addresses to avoid unauthorized transfers. At the same time, OKX also uses cutting-edge technologies such as Eagle Eye deep forgery detection technology, real-time security reminder, OCR text recognition and intelligent risk control system to provide users with all-round security protection. Through these measures, users' assets can not only be protected, but also improve users' awareness of security prevention and further protect users' assets.

7. Security Audit

OKX regards platform security as its top priority, cooperates with industry-leading security companies such as HACKEN and SlowMist to conduct regular independent external audits to detect potential vulnerabilities and prevent various threats, and ensure the security of the platform. For example, multiple modules of the OKX Web3 wallet have been audited by the third-party security agency SlowMist. Specifically, it includes: AA smart contract account module, Ordinals transaction module, and private key security module. The audit reports of all modules indicate that the relevant risk items have been fixed, and the private key is only stored in the user equipment and will not be sent to external servers to ensure the security of user assets and information. These audit results are correctThe OKX Web3 wallet meets high standards in terms of security and protects users' crypto assets.

8. Vulnerability Rewards and Moral Hacker Rewards

At the level of security system design, OKX has launched a Vulnerability Rewards and Moral Hacker Rewards Program, transforming potential attackers into security co-constructors, breaking the traditional offensive and defensive confrontation. This "ecological security" idea is more sustainable. At the same time, combining the regulatory compliance framework and on-chain data analysis, a new regulatory technology model has been innovatively built to transform compliance from passive compliance to active verification. Users can submit discovered service errors and security vulnerabilities, obtain generous vulnerability bounties, and work with OKX to promote the improvement of wallet security.

9. Compliance

OKX complies with local laws and regulations in each operating area to ensure the legality and security of the platform. Through on-chain monitoring, in-platform monitoring, and compliance with Travel Rule rules, we can effectively prevent illegal activities such as fraud and money laundering, and ensure users' transaction security and asset traceability. At the same time, OKX reduces the risk of dealing with criminals or non-compliant partners by verifying private addresses and filtering third-party suppliers. The company is committed to ensuring the platform's high security standards and trustworthy partnerships through strict review and auditing, and ensuring the security of users' crypto assets.

10. 8 security tips + 6 scam types

Regarding the security issues directly related to users, "Ouyi Protect" lists six scam types that users may encounter, such as phishing scams, donations and runaways, pig killing disks, fake exchanges, ICO scams, and Pompei scams, as well as eight security tips for using unique strong passwords, enabling two-factor verification (2FA), beingware of phishing attacks, storing digital currency in a secure wallet, enabling message notifications, being vigilant against social engineering attacks, enabling whitelists for withdrawals, and using pass keys to ensure account security. Users can click to view the details page to understand and respond to potential threats in advance. These security measures complement each other. Through a series of simple and effective operations, users can greatly improve account security and promptly respond to increasingly complex cyber threats

OKX adopts a structured three-layer architecture in the implementation of security value, including exchange system protection, wallet private key control and user security education, thus redefining the allocation of rights and responsibilities for asset security. Users gain final control through self-hosting, while the platform assumes infrastructure guarantee responsibilities through advanced system protection. This system ensures all-round protection of assets and provides users with clearer security guarantees.

OKX passes multi-party auditing, autonomous hosting, open source code and vulnerability bonus plans, etc.The measures have been taken to successfully embed security into its product design, creating a security ecosystem with high transparency and high trust. This open and transparent security mechanism not only enhances the platform's self-supervision, but also promotes the healthy development of the Web3 ecosystem and a new height of asset transparency, marking OKX's determination to lead the industry's security standards. With the rapid development of Web3, security has become the core pillar of platform trustworthiness.

Disclaimer

This content is for reference only and does not constitute or should not be considered as (i) investment advice or recommendation, (ii) an offer or solicitation for the purchase, sale or holding of digital assets, or (iii) financial, accounting, legal or tax advice. We do not guarantee the accuracy, completeness or usefulness of such information. Digital assets (including stablecoins and NFTs) are affected by market volatility, involve high risks, can depreciate, and even become worthless. You should carefully consider whether trading or holding digital assets is suitable for you based on your financial situation and risk tolerance. For your specific situation, please consult your legal/tax/investment professional. Not all products are available in all regions. For more details, see OKX Terms of Service and Risk Disclosure & Disclaimer. OKX Web3 Mobile Wallet and its derivative services are subject to separate Terms of Service. Please be responsible for understanding and complying with relevant local applicable laws and regulations.

Keywords: Bitcoin
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