Hack Statement from the Giant Cryptocurrency Exchange: The Arguments Are Lies!

Leading cryptocurrency exchange OKX has confirmed that several user accounts have been emptied through identity theft. The global exchange said an attacker forged “forensic documents” to obtain personal information of some OKX users. OKX rejected speculations pointing to a security vulnerability in the verification system.

Cryptocurrency exchange made a statement about the hack!

In a statement, OKX claimed that a hacker used fraudulent “forensic documents” to obtain personal information of a “very small number” of OKX users. Cryptocurrency exchange said, “Judicial authorities are investigating the issue. “Also, we cannot disclose more specific details,” he said.

Information about the latest security incident involving individual customer accounts:

1. All users involved in this incident have been promptly resolved to their satisfaction;

2. This incident has nothing to do with Google Authenticator or SMS verification selection. But OKX recommends Google Authenticator for users who can afford it. (…)

OKX: There is no problem with the verification system!

cryptokoin.com As you follow from , two OKX users claimed that their accounts were hacked and emptied. The security breach also emerged following these theses. Blockchain security company SlowMist pointed out the similarities between the two events. A new API key was generated after users received risk notification SMS texts from Hong Kong for account verification.

Web3 security cluster Dilation Effect announced on Monday that attackers exploited a security vulnerability in OKX. He also argued that this loophole allows users to turn off Google Authentication or mobile phone verification in the event of reasonable user activity without triggering a 24-hour withdrawal stop. However, the stock market refuted this claim in its post-mortem. “This incident has nothing to do with Google Authenticator or SMS verification selection,” OKX said.

Cryptocurrency exchange compensated users for their losses!

OKX stated in its latest post that the affected users were compensated for their losses. He also noted that he would continue to compensate in case of any loss. Wu Blockchain reported on Wednesday that two users whose accounts were compromised have received full compensation from the exchange. OKX did not disclose the exact number of affected users. Additionally, he did not provide further details on the matter.

Phishing attacks are on the rise

Phishing attacks increased in June after CoinGecko confirmed a data breach involving third-party email management platform GetResponse. The breach led the attacker to send 23,723 phishing emails to victims. Phishing attacks involve hackers aiming to steal sensitive information such as crypto wallet private keys. Other phishing attacks, known as address poisoning scams, aim to trick investors into willingly sending money to a fake address similar to addresses they have previously interacted with. Private key and individual information leaks have become the biggest reason behind crypto-related attacks. Because abusers aim for the lowest hanging fruit.

Total losses of crypto compared to vulnerabilities. Source: Merkle Science