Star: DEX bot products must meet exchange-level security standards; otherwise, the risk is extremely high.
TL;DR
OKX CEO Star warns that DEX bot products must achieve exchange-level security to prevent high risks like wallet theft from centralized private key storage. He emphasizes that private key security and usability can coexist.
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[Star: DEX Bot Products Must Meet Exchange-Level Security Standards, Otherwise the Risk is Extremely High] According to Mars Finance, OKX founder and CEO Star responded to the DeBot security incident on the X platform, stating: "Wallet theft can occur in several common ways. The centralized private key risk of DEX Bot products involves these products uploading user private keys to servers and storing them in plaintext or decryptable form. Once hacked, the risk level is practically equivalent to that of an exchange. Therefore, the security standards of these products must meet exchange-level standards, otherwise the risk is extremely high. Other risks include code vulnerabilities or malicious intent in self-custodial wallets, compromised user devices or data leaks, and the structural dependence of automated strategies on private key custody." Star added that the correct direction for wallet security evolution is that private key security and ease of use are not contradictory.