OKX’s Star rejects backdoor claims, asserting open-source private key modules and contracts, while replacing its MPC wallet with a keyless CeDeFi Wallet for improved transparency and security.
In an official statement on November 16, OKX CEO Star denied recent backdoor allegations, confirming all private key modules and smart contracts are fully open-sourced. The company is retiring its old multiparty computation (MPC) wallet and launching a new keyless CeDeFi Wallet, aimed at enhancing transparency, security, and blending centralized with decentralized finance features.