Star: The security standards for DEX Bot products must reach exchange-level; otherwise, the risks are extremely high

OKX founder and CEO Star responded to the DeBot security incident on the X platform, stating: "The theft of wallets can occur due to several common situations. The centralized risk of private keys in DEX Bot-like products involves related products uploading user private keys to servers, stored in plaintext or decryptable formats. Once a hacker intrusion occurs, the risk level is effectively equivalent to that of an exchange, so the security standards for such products must meet exchange-level standards; otherwise, the risks are extremely high. There are risks from code vulnerabilities in self-custody wallets or malicious intent, user terminal devices being compromised or data leaks, and structural dependence of automated strategies on private key custody."

Star further stated that the correct evolution direction for wallet security is that the security of private keys and usability are not opposing relationships.