Star_OKX
Star_OKX
Founder & CEO of OKX (since 2013). Crypto will eat the world. Self-custody is the future. Everything will be onchain. Tweets not financial advice.
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Exchangele ar trebui să câștige bani prin tehnologie, produse și servicii, nu prin fondurile clienților.
Aceasta este o principiu pe care l-am susținut întotdeauna și o linie de bază pe care OKX a respectat-o de-a lungul a peste zece ani de dezvoltare.
Cel mai important activ în industria financiară este încrederea. Indiferent cum se schimbă piața sau cât de mare devine compania, protejarea siguranței activelor clienților nu ar trebui să fie o alegere comercială negociabilă.
Activele clienților aparțin clienților, nu exchange-ului.
Ar trebui să ne concentrăm pe crearea unor produse mai bune, o lichiditate mai profundă, o infrastructură tehnologică mai eficientă și servicii de calitate superioară.
Să câștigăm bani prin crearea de valoare, nu prin asumarea riscurilor pe care clienții nu le pot cunoaște.
WuBlockchain
Star Xu: Exchange-urile ar trebui să câștige bani prin tehnologie și servicii, nu prin fondurile clienților
Star Xu, fondator și CEO al OKX @star_okx, a povestit în cadrul unui interviu pentru New Era Finance Podcast @new_era_finance că echipa sa a avut discuții cu Three Arrows Capital, care a propus o schemă de obținere a profitului, dar el nu a fost interesat. De asemenea, a refuzat cererile altor brokeri principali de a obține linii de credit și de a amâna lichidările.
El consideră că exchange-urile ar trebui să câștige bani prin tehnologie și servicii, nu prin utilizarea fondurilor clienților. Chiar dacă activele gestionate de platformă cresc rapid, păstrarea siguranței fondurilor clienților rămâne principala regulă pentru a traversa ciclurile industriei.
Sursa: New Era Finance Podcast
OKX Shield is more than a protection program. It’s designed to encourage users to adopt stronger account security through technologies such as passkeys, secure enclaves, and anti-deepfake protection.
We backtested these security measures against five years of historical account takeover cases. The results were encouraging: very few of those cases would have succeeded if users had enabled these protections.
Our goal is to prevent account takeovers before they happen—not just compensate users afterward.
OKX Shield covers eligible account takeover incidents, but not scams involving transactions authorized by users.
Better security. Stronger prevention. Real protection.
That’s how we build trust through technology. 🛡️
By bringing EUR and EURC into a unified order book, we’re making it easier for European users to trade with deeper shared liquidity, better capital efficiency, and a seamless experience across fiat and stablecoins.
Stablecoins shouldn’t fragment liquidity. They should make financial markets more efficient and accessible.
Great to keep building with Circle. 🚀
Crypto is volatile. You can lose everything you invest in. OKX Europe Ltd, authorised by the MFSA.
OKX va verifica și actualiza periodic informațiile de identificare ale utilizatorilor în funcție de situația specifică a fiecărui cont, de exemplu, după 1 an, 3 ani, 5 ani de la deschiderea contului sau în cazul expirării actului de identitate, utilizatorii pot fi solicitați să reia procesul de verificare a identității.
Aceasta este o practică obișnuită a instituțiilor financiare globale pentru respectarea KYC (cunoaște-ți clientul) și nu înseamnă că există vreo problemă cu contul dumneavoastră.
Nu trebuie să vă faceți griji, urmați indicațiile oficiale și verificați și actualizați informațiile conform cerințelor.
Vă mulțumim pentru înțelegere și colaborare. 🙏
No gathering lasts forever.
Haider has been with OKX for almost seven years. Over that time, both he and the company have grown tremendously together—from his early days in marketing at OKCoin to becoming OKX’s Global CMO.
We sincerely appreciate the contributions he has made to the company and wish him every success in the next chapter of his career.
As an organization, OKX will never stop evolving—across our products, our business, and our team. Our vision is to become a truly global fintech company for the next generation.
We believe that the great talent already at OKX, together with the outstanding people who will join us in the future, will continue working hard, pushing boundaries, and achieving even greater things in the years ahead.
haider
After almost seven years at @OKX, I am stepping back from my role to take a meaningful break, focus on my family and personal priorities, and make space for what comes next.
It has been an incredible privilege to help build the @OKX brand and see its growth. I am deeply grateful to Star Xu @star_okx for his trust, partnership, and the opportunities he created for all of us.
And thank you to every OKX employee I have had the privilege to work alongside. I am proud of what we built together and excited to see the company continue to grow.
This is not goodbye. It is simply the next chapter.
It’s never easy being a crypto entrepreneur.
Huge respect to the Solana Foundation team for continuing to build, engage with communities, and push the technology forward through all kinds of challenges.
Crypto is becoming a foundational technology for modernizing the financial system. Adoption will take different paths and move at different speeds across jurisdictions, but I believe the direction is clear.
Keep building. 🚀
Lily Liu
We put Solana on the big screen because that’s the big heart Solana has for the Chinese community, and that’s the warm welcome we are so thankful to feel from the Chinese community.
Due to the publicity, event registrations quadrupled overnight, far exceeding the event cap we had registered with local authorities, and we had no way to prevent people from overwhelming the venue.
So, in order to comply with local requirements, we are going to postpone this event for when we can better accommodate the breadth and scale of our community.
Apologies to everyone who came from near and far to come be part of Solana in Shanghai.
See you soon!
Cine este „Yue Buqun” al cercului criptomonedelor?
Incidentul 10·11 al concurenților a cuprins piața globală a criptomonedelor, afectând active în valoare de sute de miliarde de dolari ale utilizatorilor din întreaga lume, cauzând pierderi uriașe și suferințe greu de exprimat pentru numeroși participanți din industrie. Întreaga piață Crypto a intrat astfel într-un iarnă lungă, averile, încrederea și speranțele multora fiind grav afectate în această furtună.
Cu toate acestea, în fața unei astfel de catastrofe care a lăsat cicatrici adânci întregii industrii, cel mai bogat om, într-un interviu, a spus cu nonșalanță o minciună evidentă, afirmând:
„De fapt, Binance a alocat aproximativ 800 de milioane de dolari pentru a compensa utilizatorii care au suferit pierderi pe platforma Binance, deși Binance nu avea nicio obligație să facă acest lucru, nu-i așa? Adică, Binance nu avea nicio obligație de a compensa, dar a făcut-o complet voluntar, inițiativă proprie.”
Pierderile de piață de sute de miliarde de dolari și suferința nenumăraților utilizatori, în cuvintele lui, s-au transformat în cele din urmă într-o „compensație voluntară” demnă de auto-laudă.
10/10 reminded us that crypto is still a young industry, and the actions of a few large players can affect millions of users.
Market leaders should think beyond their own P&L. If you benefit the most from the growth of the industry, you also carry a greater responsibility to protect its resilience, fairness, and credibility.
Build for the long term. Protect the ecosystem that made your success possible.
Star_OKX
No complexity. No accident.
10/10 was caused by irresponsible marketing campaigns by certain companies.
On October 10, tens of billions of dollars were liquidated. As CEO of OKX, we observed clearly that the crypto market’s microstructure fundamentally changed after that day.
Many industry participants believe the damage was more severe than the FTX collapse. Since then, there has been extensive discussion about why it happened and how to prevent a recurrence. The root causes are not difficult to identify.
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What actually happened
1.Binance launched a temporary user-acquisition campaign offering 12% APY on USDe, while allowing USDe to be used as collateral with the same treatment as USDT and USDC, and without effective limits.
2.USDe is a tokenized hedge fund product.
Ethena raises capital via a so-called “stablecoin,” deploys it into index arbitrage and algorithmic trading strategies, and tokenizes the resulting fund. The token can then be deposited on exchanges to earn yield.
3.USDe is fundamentally different from products such as
BlackRock BUIDL and Franklin Templeton BENJI, which are tokenized money market funds with low-risk profiles.
USDe, by contrast, embeds hedge-fund-level risk. This difference is structural, not cosmetic.
4.Binance users were encouraged to convert USDT and USDC into USDe to earn attractive yields, without sufficient emphasis on the underlying risks. From a user’s perspective, trading with USDe appeared no different from trading with traditional stablecoins—while the actual risk profile was materially higher.
5.Risk escalated further as users:
•converted USDT/USDC into USDe,
•used USDe as collateral to borrow USDT,
•converted the borrowed USDT back into USDe,
•and repeated the cycle.
This leverage loop produced artificial APYs of 24%, 36%, and even 70%+, widely perceived as “low risk” simply because they were offered by a major platform. Systemic risk accumulated rapidly across the global crypto market.
that point, even a small market shock was sufficient to trigger a collapse.
When volatility hit, USDe depegged quickly. Cascading liquidations followed, and weaknesses in risk management around assets such as WETH and BNSOL further amplified the crash. Some tokens briefly traded near zero.
The damage to global users and companies—including OKX customers—was severe, and recovery will take time.
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Why this matters
I am discussing the root cause, not assigning blame or launching an attack on Binance. Speaking openly about systemic risks is sometimes uncomfortable, but it is necessary if the industry is to mature responsibly.
I expect there may be significant misinformation and coordinated FUD directed at OKX in the near future. Even so, speaking honestly about systemic risk is the right thing to do—and we will continue to do so.
As the largest global platform, Binance has outsized influence—and corresponding responsibility—as an industry leader. Long-term trust in crypto cannot be built on short-term yield games, excessive leverage, or marketing practices that obscure risk.
The industry needs leaders who prioritize market stability, transparency, and responsible innovation—not a winner-take-all mentality where criticism is treated as hostility.
Crypto is still early.
What we choose to normalize today will determine whether this industry earns lasting trust—or repeats the same mistakes again.
Appreciate the kind words. 🙏
10/10 was a hard lesson for the entire industry, and we should never forget it.
It should also serve as a warning to that company—and to every other industry leader: the companies that benefit most from the growth of crypto have a greater responsibility to protect the health, stability, and long-term credibility of the industry.
Short-term returns should never come at the expense of market integrity or user trust.
The stronger the company, the greater the responsibility.
Michaël van de Poppe
I think that @star_okx is an extremely bright mind and visionary for waht he's been building over the last years.
Today is 10/10.
It's a year since the heaviest flash crash in #Crypto took place.
In a matter of minutes, some #Altcoins dropped all the way towards $0.
The entire industry changed that day, as we faced a one-year heavy bear market after that.
What happened? There are still many questions remaining on what has actually been happening on that specific day.
The clearest explanation I've heard so far comes from @star_okx.
Make sure to tune in and listen to what he has been saying in our episode of @new_era_finance.
