Update
OKX Launches $500,000 Account Protection Plan in the US
Crypto exchange OKX has introduced a new account protection plan in the US, offering up to $500,000 in account protection for compromised accounts. The initiative aims to strengthen customer confidence amid cryptocurrency scams, with former New York Governor Andrew Cuomo, now an OKX board director, supporting the program. The plan provides up to $100,000 in protection without subscription or activation fees, and VIP customers can access coverage of up to $500,000. The program follows OKX’s similar initiative in Europe last month and aligns with the company’s broader ambition to become a global financial technology provider.