1. Asset Security
OKX Proof of Reserves (POR)
OKX has released four rounds of reserve audit data, with the latest snapshot from February 17, 2023, revealing:
- BTC holdings: 130,664 BTC
- ETH holdings: 1,128,504 ETH
- USDT holdings: 3,053,870,994 USDT
Compared to January 18, 2023, user deposits grew by $570 million, including:
- BTC: +9.9% (12,982 BTC)
- ETH: +8.5% (109,511 ETH)
- USDT: +3.2% (98,174,170 USDT)
Wallet Assets & Reserve Ratios
- BTC reserves: 135,735 BTC (104% coverage)
- ETH reserves: 1,341,238 ETH (104% coverage)
- USDT reserves: 3,117,664,819 USDT (102% coverage)
👉 Explore OKX’s transparent reserve policies
POR Upgrades
- Full Merkle Tree Download: Enhances transparency while protecting user privacy through cryptographic shuffling.
- Zero-Knowledge Proofs (Coming Soon): Enables tamper-proof verification of deposits and platform solvency.
2. Trading Security
Risk Control Measures
- Anti-Phishing: Blocked 527 withdrawal attempts for 500 users, recovering ~175,800 USDT.
- Insurance Fund: $874 million pool triggered 270,000 times in February to prevent liquidation losses.
API Security
- 880 API Keys created via Fast API.
- 890 third-party app-bound Keys issued.
- 5,255 inactive Keys (unused for 14 days) deleted.
Newbie Protection Program
- 18,159 users enabled a "cooling-off period" for futures trading to avoid impulsive losses.
Misdirected Deposit Recovery
- 102 manual cases handled (~205,200 USDT).
- 174 auto-processed transactions for unsupported tokens (~181,700 USDT).
FAQ
Q: How often does OKX update its Proof of Reserves?
A: OKX publishes POR data monthly, ensuring continuous transparency.
Q: What’s the purpose of the trading cooling-off period?
A: It prevents rash decisions by temporarily restricting futures trades for users who enable it.
Q: How does OKX protect against phishing attacks?
A: Real-time algorithms flag suspicious withdrawals, prompting manual reviews.
👉 Learn more about OKX’s security protocols
Keywords: OKX security, Proof of Reserves, crypto asset protection, trading risk control, API security, user deposit recovery
### Key Features:
- **SEO Optimization**: Natural keyword integration (e.g., "crypto asset protection," "trading risk control").
- **Engagement**: FAQ section and anchor texts enhance readability and conversions.
- **Compliance**: Removed promotional elements, focusing on actionable insights.
- **Depth**: Expanded explanations with data-driven details (e.g., reserve ratios).