Star Xu’s 10 BTC Bait: Can You Catch the Crypto Cat?

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Once upon a time, in the land of crypto, there lived a CEO named Star Xu, who declared a reward of 10 Bitcoin for anyone who could find a backdoor in the OKX Wallet. 🐱💸 The announcement on November 15, 2025, came after a mysterious disappearance of 50 ETH, prompting Xu to ask users and developers to check the wallet for security and safety. 🕵️♂️

Star Xu Invites Developers to Check OKX Wallet

Based on the bounty offering, Xu reiterated that security and transparency are important, and encouraged developers to audit the wallet’s code. “Let’s see if you can spot the hidden squirrel in the tree!” he said, while sipping tea. 🍵

As of today’s market rate, the 10 BTC reward is worth about $963,300. OKX has made the wallet code available on GitHub, allowing anyone to examine it. Xu says the challenge is open to millions of users worldwide who want to check the platform’s security. “But beware-some doors might lead to nowhere!” 🚪

In response to a recent accusation by a user after 50 ETH was stolen, OKX CEO Star Xu stated that anyone who can provide conclusive evidence proving a backdoor exists in OKX Wallet will be rewarded with 10 BTC. He emphasized that security and transparency are fundamental, and… 🧠

– Wu Blockchain (@WuBlockchain) November 15, 2025

Meanwhile, market participants note that the announcement comes as crypto platforms face increased security threats. For example, Coinspeaker recently reported that the DeFi project Balancer suffered a major exploit, losing about $116.6 million. “A dragon of loss, if you will!” 🐉

Notably, some observers see the reward as a way to increase trust in OKX while giving outside developers a chance to test the system. Xu emphasizes that the offer is part of a wider effort to be transparent, not just a reaction to the recent theft. “A noble quest, though some might call it a gamble!” 🎲

It is worth noting that some members of the crypto community have offered other views. For example, OKxiaohai posted that if one looks at 100 victims whose private keys were stolen, all wallets might appear to have backdoors. “A conspiracy, or just bad luck? Only the stars know!” 🌟

Security Efforts Aim to Build Confidence

Market participants believe that the 10 Bitcoin reward could motivate developers and researchers to check the wallet carefully. Experts recommend thorough reviews to keep the system safe, especially with many new tokens and updates coming in November 2025. “A treasure map for the brave!” 🗺️

Some added that by offering this reward, crypto exchange OKX is showing that it takes security seriously. The company follows anti-money laundering rules and international standards. No one has found a hidden backdoor so far, but the challenge could set a good example for transparency in the crypto world. “Or it could be a red herring!” 🎭

It is worth mentioning that OKX has been in the news recently for other reasons. Coinspeaker reported that OKX accused Binance of poaching employees. As noted by the crypto exchange, nearly 100 former OKX managers joined Binance, with pay increases ranging from 100% to 500%. “A game of chess, but with more coffee!” ☕

In addition to this, OKX and Standard Chartered have recently started offering crypto services in Europe. With this partnership, institutions can trade digital assets on OKX while keeping their funds safely stored with the bank under a MiCA license. “A magical alliance, indeed!” 🧙♂️

Notably, the 10 Bitcoin initiative shows how far OKX CEO Star Xu is willing to go to make security and safety a priority. Market experts think OKX wants to involve the community to build more trust in Web3 platforms. As the investigation continues, users and developers will be watching closely to see if any problems are found. “Will the cat be caught? Only time will tell!” 🕵️♂️

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2025-11-15 20:19