OKX Wallet Earns High-Security Marks and Partners with CertiK

OKX Wallet gives users access to over 85 blockchains and has ranked number one among other crypto wallets worldwide.

OKX Wallet, a non-custodial crypto wallet, has been ranked as the number one crypto wallet in terms of cybersecurity by CertiK, a leading Web3 security firm.

CertiK’s assessment included 43 of the most popular crypto wallets, and OKX Wallet emerged at the top of the list for users prioritizing cybersecurity.

OKX Wallet attained a high ‘Skynet Security Score’ of 87.35, placing it in the top 10 percentile of crypto wallets. This score surpasses competitors like Trust Wallet and Phantom. CertiK’s evaluation also considers market performance and social sentiment.

CertiK’s audit covered crucial aspects of OKX Wallet, such as its mobile app source code, front-end module, and wallet SDK. The audit specifically examined account generation, transaction creation and signing processes, MPC algorithms, and smart account functionalities.

In addition to CertiK’s assessment, OKX Wallet also undergoes regular security audits by firms like Cer. live and SlowMist. Highlighting its commitment to open-source transparency, OKX Wallet’s team maintains that they uphold stringent standards to safeguard users’ assets and data.

On June 9, a security breach occurred at OKX, where two users lost funds due to a SIM-swapping attack. The breach exploited a vulnerability in OKX’s Two-Factor Authentication (2FA) system, raising concerns about account security on the platform.

In response to the incident, the OKX CEO announced major security upgrades. However, OKX is also facing challenges, including severe congestion on the Bitcoin network. Backlogs in OKX wallet transactions have resulted in delayed memory usage, affecting over 1,000 unconfirmed transactions.

Despite these issues, OKX continues to expand its global presence. On June 3, the exchange launched a local trading platform and Web3 wallet services customized for the Netherlands.

These services encompass Spot trading, converting services, and support for over 150 cryptocurrencies with more than 60 crypto-Euro trading pairs.