OKX Wallet Users Warned to Update App on iOS Following ‘Critical’ Vulnerability

OKX app users

On December 19th, OKX, a major cryptocurrency exchange, announced the discovery and prompt resolution of a security issue in its iOS app. The revealed details suggest that the flaw could potentially affect external service providers connected to OKX. However, the problem has been swiftly identified and rectified. OKX assures that there have been no reported instances of harm or asset loss for users.

Despite this, the exchange recommends users exercise caution and update their iOS app to the latest version (6.45.0) as a precautionary measure. CertiK, a security firm, also weighed in on the matter, confirming the detection of the issue and issuing a warning to OKX.

In recent months, hackers have been targeting cryptocurrency wallets and exchanges more frequently. In November, $114 million was stolen from Poloniex, and shortly after, there was a $100 million theft at HTX and the cross-chain bridge Heco. In June, users of the Atomic wallet experienced losses totaling $35 million in bitcoin (BTC), ether (ETH), and other tokens after updating to a new version of the iOS app.

As per DefiLlama data, OKX currently holds the position of the world’s second-largest cryptocurrency exchange, following closely behind Binance. It registers a 24-hour spot trading volume of $2.4 billion and manages customer assets amounting to $12.2 billion.

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Chi Do
Chi Do
Chi Do is a content writer at CoinMinutes, responsible for creating most of the content on the website, including news related to Bitcoin (BTC), Ethereum (ETH), Blockchain, Decentralized Finance (DeFi), and more. With a keen interest in cryptocurrencies since the 2020s, Chi has acquired extensive experience and knowledge in this field. Chi holds a Bachelor's degree in communication from Academy of Journalism and Communication in Vietnam.

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