BlockBeats News, November 16th, OKX CEO Star stated in a post that the private key module of OKX Wallet and all related smart contracts have been fully open-sourced. Several industry players (including competitors) are using our open-source code. This is our long-term commitment to promoting industry transparency and security. As for the non-private key module, the source code is not currently open as these parts belong to commercial software. Users are free to choose whether to use OKX Wallet based on their own needs and preferences.
OKX Wallet is also one of the industry’s earliest MPC non-custodial wallet service providers. Due to limitations in market acceptance, user experience, and DApp support in the early versions of the MPC product, we have decided to completely shut down the old version of the MPC wallet and launch a more advanced, better user experience new generation non-custodial wallet – CeDeFi Wallet. We welcome everyone to try it out and provide feedback.
Yesterday, Star also stated in a post, “Anyone who can provide conclusive evidence of a backdoor in OKX Wallet will be rewarded 10 BTC. Security and transparency are essential, and community review is welcome.”
