SlowMist Security Review Says OKX Wallet Did Not Transmit Private Keys
According to SlowMist (blockchain security firm), its April 3 assessment found that the audited OKX Wallet version processed core wallet credentials locally rather than sending them externally.
Summary
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Terms & Concepts
Private key: A secret cryptographic key that lets a user control and authorize transfers from a blockchain wallet.
Seed phrase: A backup list of words used to recover a crypto wallet and regain access to its funds.
Wallet: Software or hardware that stores the credentials needed to access and manage digital assets on a blockchain.