OKX founder Star Xu: Many of the packaging and performances in the end turn out to be just a makeshift outfit
OKX founder Star Xu (@star_okx) posted on X on November 4, saying that a reported security incident involving US$6.3 billion began when one employee fell into a fake job interview trap, then spread to two other employees, and that internal AI tools may also have been involved. He questioned whether this was what is meant by so-called "multi-layered, in-depth defense."
In the post, Star Xu said he did not want to speculate too much on competitors’ security control failures, but reminded users in the crypto industry that an overly marketing-driven corporate culture can be extremely dangerous. He said hackers and scammers are targeting 100% of users’ principal, and that security, responsibility, and compliance should come before marketing.
Public reports show that Binance experienced a security incident of about US$6.3 billion on October 29. Binance previously disclosed that the attack involved the compromise of an employee device and said it had used its own funds to cover most of the affected assets.
Original sources:
Title: In the end, many of the packaging and performances are proven to be just a makeshift outfit!...
Posted by: Star_OKX (@star_okx)
Date of publication: 2026-11-04
URL: https://x.com/star_okx/status/2117779601984553303
Source type: personal public post
Verification status: Post content and citations from multiple reports were read
Supporting content: description of the US$6.3 billion incident, fake job interview trap, reminder about the risks of a marketing-driven culture
ABAB AI Insight
Star Xu cited reports about Binance’s security incident in his post and raised questions about the incident’s starting point and the defense description. The remarks pointed to the potential risk that a marketing-driven corporate culture poses to users’ principal.
He emphasized that security, responsibility, and compliance should take priority over marketing activities and earnings. The post did not provide an independent technical assessment of specific defense measures.
From the public trail, this was a public comment by a competitor founder after a major security incident. Binance had previously issued an explanation regarding the incident’s scale and coverage arrangements.
Structurally, the post focuses on the priorities users should consider when choosing a platform. It does not involve an official statement about OKX’s own system changes or specific cooperation arrangements.
ABAB News · Cognitive Law
Star Xu posted that the reported US$6.3 billion incident began with a fake job interview trap and spread to multiple employees.
He warned crypto users that an overly marketing-driven corporate culture can be dangerous, and that security should come before marketing.
Public information shows that Binance experienced a security incident of about US$6.3 billion on October 29.