News

OKX Leaked Customer Information?

Key points:

  • OKX is under suspicion that the exchange has leaked customer information.
  • A Twitter user by the name of @DefiIgnas received a message from the attacker, who knows the phone number he is using is attached to the exchange.
  • Exchanges and platforms are making the community worry about safety and security despite having proven their reserve assets.
Information security is increasingly important for crypto wallets and storage platforms. However, not only DeFi platforms, centralized exchanges have not yet reached the absolute level of security, in this particular case OKX, with the suspicion that the exchange has leaked customer information.

A Twitter user by the name of @DefiIgnas posted a tweet about the issue. He confirmed that he received a phishing SMS from fake OKX with the content of upgrading his account if he wanted to access the exchange.

Below the text of the SMS is a shortened link, @DefiIgnas quickly realized this is a classic phishing attack method to deceive gullible investors or users to steal their information and assets.

However, the question raised here is how the attacker can get information about @DefiIgnas as well as his phone number. The fact that the phone number is associated with customer information is only held by the exchange, and the attacker knows exactly that this phone number belongs to the OKX user.

So a possible possibility is that OKX has leaked user information.

Previously, Lastpass saw unidentified attackers accessing their servers and stealing customer data, raising concerns among users about the security of Web2 platforms.

Coincu previously reported that OKX released the second Proof-of-Reserve (PoR) report on its official website on December 23 to help users see their reserve ratio and self-verify.

In addition, the exchange promises to release PoR reports regularly, and the next report will be released before January 20, 2023. Users can view the results of the two PoR audits on the page and use the self-inspection function and open-source tools to verify their assets on the exchange.

OKX, along with other exchanges like Binance, Coinbase, Kraken, and Huobi, are working to regain the trust of customers after the FTX disaster. However, it is not certain that this is an effective method.

DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

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Website: coincu.com

Harold

Coincu News

Harold

With a passion for untangling the complexities of the financial world, I've spent over four years in financial journalism, covering everything from traditional equities to the cutting edge of venture capital. "The financial markets are a fascinating puzzle," I often say, "and I love helping people make sense of them." That's what drives me to bring clear and insightful financial journalism to the readers of Coincu.

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