OKX Launches Shield in Europe With Up to €500K Account-Takeover Protection
- —Protection limits: €100,000 for standard users, €250,000 for VIP 1–3, €500,000 for VIP 4–6
- —Eligibility requires completing a six-step security checklist
- —Measures include passkeys, multi-factor authentication and withdrawal safeguards
- —OKX explicitly states Shield is not insurance, deposit protection or statutory compensation
Why it matters: The move ties stronger account security to a financial backstop, potentially setting a new standard for European exchange users.
Source: NewsBTC