NASSAU, the Bahamas, July 22,
2024 /PRNewswire/ -- OKX, a leading
crypto exchange, today announced that it has
successfully achieved System and Organization Controls (SOC) 1 Type
2 compliance, confirming that it meets the highest global standards
for protecting institutional clients' data and assets.
The SOC 1 Type 2 examination was conducted following strict
guidelines set by the American Institute of Certified Public
Accountants (AICPA). OKX's successful completion of this
examination assures institutional clients that its policies and
processes to protect their data are effective and align with best
practices.
OKX's key policies and processes for safeguarding clients' data
and assets include:
- Advanced encryption technologies and rigorous access control
procedures
- Monthly reporting of Proof of Reserves, confirming that
customer funds are backed 1:1
- A comprehensive incident response plan, enabling OKX to respond
quickly and effectively to any potential security breaches
- Regular employee training on security practices
- Stringent backup and recovery processes that ensure data
integrity in case of a system failure
An independent auditor conducted OKX's SOC 1 Type 2 examination
for its Bahamas entity (OKX
Bahamas FinTech Company Limited) for the period from January 1, 2024, to March
31, 2024.
OKX Chief Legal Officer Mauricio
Beugelmans said: "Our successful completion of the
internationally recognized SOC 1 Type 2 examination underscores our
ongoing commitment to providing a reliable, trusted trading
platform for our customers. We take pride in aligning ourselves
with global best practices to safeguard customers' data and assets.
As we continue to enhance our security and transparency, we will
continue to engage independent, third-party auditors to review our
security measures."
OKX also announced on September 20,
2023 that it has achieved SOC 2 Type 2 certification,
demonstrating OKX's ongoing commitment to governing its services,
managing sensitive data and protecting data privacy.
For further information, please contact:
Media@okx.com
About OKX
OKX is a leading global crypto exchange and
innovative Web3 company. Trusted by more than 50 million global
users, OKX offers a secure and trustworthy platform that provides
responsible crypto traders with innovative tools to
access the world of crypto.
As a global brand and top partner of Manchester City FC and
McLaren Racing, OKX uses Web3 technology to redefine how fans
connect with their favorite teams. Recent examples include
its Unseen City Shirts and Race Rewind digital
collectible campaigns, which offer fans real-world benefits like
exclusive match-day and trackside experiences. As the Presenting
Partner of Tribeca Festival, OKX also empowers artists and creators
through Web3.
In line with its "on-chain, any chain" philosophy, OKX
contributes to the growth of the Web3 ecosystem via its secure,
interoperable and self-custody enabled OKX Wallet. OKX Wallet
is a user-friendly gateway to the on-chain world, connecting to
over 100 blockchains, 10,000 dApps, 170+
DeFi protocols, 300,000 tokens and 400
decentralized exchanges (DEXs).
OKX is committed to transparency and security, and publishes
its Proof of Reserves monthly to build trust. It is also
dedicated to expanding its educational resources through OKX
Learn, making digital assets accessible and understandable for a
broader audience.
To learn more about OKX, download our app or
visit: okx.com
Disclaimer
This article/announcement is provided for general informational
purposes only and no responsibility or liability is accepted for
any errors of fact or omission expressed herein. This content may
cover products that are not available in your region. It is not
intended to provide any investment, tax, or legal advice, nor
should it be considered an offer to purchase, sell, hold or offer
any services relating to digital assets.
Digital assets, including stablecoins, involve a high degree of
risk and can fluctuate greatly. You should carefully consider
whether trading or holding digital assets is suitable for you in
light of your financial condition and risk tolerance. OKX does not
provide investment or asset recommendations. You are solely
responsible for your investment decisions, and OKX is not
responsible for any potential losses. Past performance is not
indicative of future results. Please consult your
legal/tax/investment professional for questions about your specific
circumstances. OKX Web3 features, including OKX Web3 Wallet and OKX
NFT Marketplace, are subject to separate terms of service at
www.okx.com.
© 2024 OKX. This article may be reproduced or distributed
in its entirety, or excerpts of 100 words or less of this article
may be used, provided such use is non-commercial. Any reproduction
or distribution of the entire article must also prominently
state:"This article is © 2024 OKX and is used with permission."
Permitted excerpts must cite the name of the article and include
attribution, for example "Article Name, [author name if
applicable], © 2024 OKX." No derivative works or other uses of this
article are permitted.
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SOURCE OKX