ChainCatcher reports, OKX CEO Star posted on X platform in response to the DeBot security incident, stating: “Wallet thefts typically occur in several common scenarios. For DEX Bot-type products, the risk of private key centralization involves such products uploading user private keys to servers, storing them in plaintext or decryptable forms. Once hacked, the risk level essentially equals that of an exchange. Therefore, the security standards for such products must reach exchange-level, otherwise the risk is extremely high. For self-custody wallets, risks include code vulnerabilities or intentional malicious actions, user terminal devices being compromised or data leakage, and 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 usability are not mutually exclusive.
