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 the 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!
OKX claimed in a statement that a hacker used forged “forensic documents” to obtain the personal information of a “very small number” of OKX users. The cryptocurrency exchange said, “Judicial authorities are investigating the matter. “Furthermore, we cannot disclose more specific details.”
Information about the latest security incident involving individual customer accounts:
1. All users involved in this incident have been promptly resolved satisfactorily;
2. This incident has nothing to do with Google Authenticator or SMS verification selection. However, OKX recommends Google Authenticator for users who can afford it. (…)
OKX: There is no problem with the verification system!
cryptokoin.comAs you follow from , two OKX users claimed that their accounts were hacked and emptied. The security breach also emerged after these allegations. 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 group Dilation Effect announced Monday that attackers exploited a security vulnerability in OKX. He also claimed that this loophole allowed users to turn off Google Authentication or mobile phone verification in the event of certain user activities without triggering a 24-hour withdrawal stop system. However, the exchange 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!
In its latest post, OKX stated that the affected users were compensated for their losses. He also noted that he would continue to compensate in case of any damage. 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. He also 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 suffered by 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 personal data leaks have become the biggest reason behind crypto-related attacks. Because abusers target the lowest hanging fruit.
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