4Alpha Group upgraded its security system due to recent assets theft incidents on OKX and Binance
2024年6月19日 - 1:00AM
Following recent asset theft incidents on OKX
and Binance, 4Alpha Group contacted the relevant persons
in charge of OKX and Binance at the first time
to carry out a security risk investigation of all managed
accounts, and adopted a series of measures to upgrade the
security system.
On June 3rd, a user named Nakamao posted on
platform X, "I have become a victim of the crypto world, with $1
million disappearing from my Binance account." According to
Nakamao, despite being in a secure environment with all
communication devices within reach, hackers managed to steal all
the funds from his account without needing a password or two-factor
authentication (2FA).
Following this, a similar incident was reported on
the OKX exchange. A user in the community claimed their account was
attacked by AI "face swap" technology, resulting in the transfer of
$2 million in assets. As a cryptocurrency trading platform, OKX has
a responsibility to ensure the safety of user assets. This incident
exposed the platform's lack of focus on security, inadequate
investment in safety measures, and insufficient risk management
capabilities.
Following these two security incidents, the person
in charge of 4Alpha Group's asset management business quickly
contacted the relevant persons in charge of OKX and Binance,
carried out a security risk investigation of all managed accounts,
and adopted a series of measures, including restricting withdrawal
amounts and managing trading pairs, to ensure the safety of
customer assets and the stability of strategy returns, and prevent
malicious behaviors such as knocking and stealing. This move once
again reflects 4Alpha Group's emphasis on asset security and its
responsible attitude.
In order to enhance the security of your funds and
information protection, 4Alpha Group has recently upgraded a
series of risk control measures, including but not limited to the
following aspects:
Strengthened identity verification
system: We have enhanced the identity verification
process to ensure that only users who have undergone rigorous
verification can access their assets.
Multi-signature
technology: We have implemented multi-signature
technology that requires multiple authorizations to complete key
operations, effectively preventing internal and external
threats.
Real-time monitoring
system: We have established a 24/7 real-time
monitoring system that can promptly detect abnormal activities and
take targeted measures.
Encrypted communication
transmission: All information transmission between us
and our clients is conducted using the highest level of encryption
technology to safeguard the privacy and security of
communication.
Security training and
testing: We conduct regular security awareness
training for employees and simulate tests to ensure that employees
can respond to various security threats.
Through these upgraded measures, we are committed
to providing you with a more secure and reliable asset management
service to protect your funds. Thank you for your trust and
support.
Based on 4Alpha Group's years of risk-free
operation experience, it is wise for inexperienced traditional
asset managers and investors to choose centralized exchanges or
custodians that value security and compliance. At the same time, in
the field of asset management, it is essential to cooperate with
larger-scale and longer-running professional institutions to ensure
the safety and stability of assets.
In the field of crypto assets, security is the
lifeline. 4Alpha Group calls on all parties in the
industry to work together to strengthen supervision and
self-discipline and create a safe and reliable investment
environment for investors.
Disclaimer: This press release may contain forward-looking
statements. Forward-looking statements describe future
expectations, plans, results, or strategies (including product
offerings, regulatory plans and business plans) and may change
without notice. You are cautioned that such statements are subject
to a multitude of risks and uncertainties that could cause future
circumstances, events, or results to differ materially from those
projected in the forward-looking statements, including the risks
that actual results may differ materially from those projected in
the forward-looking statements.
Flora Li
business (at) 4alphagroup.com