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Star Responds to DeBot Security Incident: DEX Bot Products Must Meet Exchange-Level Security Standards, Otherwise High Risk
Summary: In response to the DeBot security incident, OKX CEO Star posted on X platform, stating: 'There are several common scenarios for wallet theft. The centralized risk of DEX Bot products involves related products uploading user private keys to servers, storing them in plaintext or decryptable form. Once hacked, the risk level is equivalent to an ...
In response to the DeBot security incident, OKX CEO Star posted on X platform, stating: 'There are several common scenarios for wallet theft. The centralized risk of DEX Bot products involves related products uploading user private keys to servers, storing them in plaintext or decryptable form. Once hacked, the risk level is equivalent to an exchange. Therefore, the security standards of such products must meet exchange-level standards, otherwise the risk is extremely high. Vulnerabilities in self-hosted wallet code or malicious subjective risks, user terminal devices being compromised or data leakage, and structural dependence of automated strategies on private key hosting.' Star added that the correct evolution of wallet security is that private key security and usability are not mutually exclusive.'
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Link: Star Responds to DeBot Security Incident: DEX Bot Products Must Meet Exchange-Level Security Standards, Otherwise High Risk [Copy]
