OKX Founder Teases New Upgrades for Preventing ‘Deepfake’ Attacks

Crypto exchange OKX implements several upgrades to prevent AI deepfake attacks.

Star Xu pointing at a huge boy peaking out from behind digital noise wearing a noise mask.
Created by Gabor Kovacs from DailyCoin
  • OKX has implemented new security upgrades.
  • The upgrades follow a recent major security incident at the exchange.
  • Founder Star Xu encouraged affected users who lost their funds to collaborate with the exchange.

OKX founder Star Xu has announced a series of upgrades to ensure the exchange doesn’t fall victim to AI deepfake attacks “again.”

Xu’s announcement comes after blockchain security firm SlowMist alerted the crypto community to a hack on two OKX users on June 9. The crypto exchange’s Chinese arm confirmed the incident on June 12 and promised that it would be “satisfactorily resolved immediately.”

OKX Implements Security Upgrades

In an X (Twitter) post dated June 13, Star Xu said OKX has upgraded the reset security item to a new generation of AI face recognition detection in response to the recent incidents that reportedly led to the theft of millions of dollars.


The exchange has also introduced a double manual review for all security item requests for accounts with balances greater than a certain limit to “ensure that this type AI face-changing attack will not happen again.”

“For several customers who forged the verification procedures to obtain user information, we have implemented monitoring of customer accounts to ensure asset security,” Xu wrote.

While Xu did not comment on funds theft or victim compensation following the incident, the founder implied that the exchange was ready to work with affected users to resolve their concerns.

An X user named Crypto Lala claimed that they had lost over $11 million from their OKX main and sub-accounts in “just 25 minutes.” Responding to the user, Xu wrote:


“We suggest work with us together to investigate the case, also do deeply investigating at your side. Manipulate the media is not as helpful as investigating together.”

However, Xu acknowledged that there is a “clear log showing the withdrawal happened.”

Read how the OKX DEX was recently hacked:
OKX Hacked for Over $400,000: Should You Be Worried?

Stay updated on why OKX withdrew its Hong Kong license application:
OKX Pulls HK License Application After ‘Careful Consideration’

This article is for information purposes only and should not be considered trading or investment advice. Nothing herein shall be construed as financial, legal, or tax advice. Trading forex, cryptocurrencies, and CFDs pose a considerable risk of loss.

Brian Danga

Brian Danga, a Kenyan crypto reporter, is dedicated to delivering breaking news and updates from the cryptocurrency world. With a background as a Web3 writer and project manager, he recognizes the importance of unbiased reporting. Holding an LLB degree from the University of Nairobi, Brian's analytical skills contribute to his accurate news reporting. His personal interests include cooking, watching documentaries, reading, and engaging in intellectual discussions.