OKX CEO Star Responds to User Privacy Concerns: Submitting Address is Required for Compliance, Optimizing Experience to Avoid Misjudgment

OKX CEO Star addressed users' concerns regarding privacy and personal safety due to wallet signatures, screenshots, and address information submissions. He emphasized that current compliance requirements have become a common standard for global financial institutions. Banks and securities firms in Hong Kong, Singapore, the EU, and other regions require users to submit proof of address, and centralized crypto platforms also face similar obligations. Star stated that when OKX requests relevant information, it is mainly used to check whether it involves sanctioned or prohibited countries. The platform has a responsibility to fulfill regulatory obligations while protecting user privacy. He also revealed that his own bank account has been required to provide multiple pieces of information, understands the inconvenience to users, and is working to reduce misjudgments and improve the information collection experience. [Wu Shuo]