Exchanges· ★★★· bullish·

OKX Launches Shield, Offering Up to $500K Account Protection for 150M Users

  • —Payouts of up to $500,000 for unauthorized account takeovers and asset transfers
  • —Base coverage $100,000, $250,000 for VIP 1-3 and $500,000 for VIP 4+
  • —Free to join, requires passkeys, facial verification and disabled web withdrawals
  • —Covers credential phishing, malware and SIM-swap attacks
Why it matters: A major exchange introducing financial guarantees against account takeovers could set a new industry standard for user protection.
Source: Crypto Economy
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