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OKX Says Review Found No Evidence It Was Affected by Binance Event

Picture: TokenPost

OKX said Monday that a review of its internal systems, custody infrastructure and trading controls found no evidence it was compromised or affected by a recent security event involving Binance. The exchange said platform operations remained normal. OKX said customer assets are kept separate from company assets at a 1:1 ratio. Most customer funds are held in offline cold wallets, while hot wallets hold funds needed for withdrawals. The exchange cited multisignature or multiparty computation controls, withdrawal risk screening and automated circuit breakers. It also said it maintains a reserve for losses from a hot-wallet breach.

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