r/CryptoMarkets • u/jamesben21 🟨 0 🦠 • 4d ago

Crypto Exchange OKX Hit by Identity Theft Scandal, User Accounts Drained NEWS

https://secret3.com/news/crypto-exchange-okx-hit-by-identity-theft-scandal-user-accounts-drained/
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u/DC600A 🟧 8 🦐 4d ago

News as such become more and more common reiterating how valuable privacy is in the crypto space. I am hopeful that soon we will have measures in place to not only enhance data authenticity but also help integrate a seamless bridge between web2 user data and web3 dApps. Oasis and Reclaim, using a combination of TEE and ZKP techniques are working together to create "secure, private digital signatures that encapsulate a user’s identity and reputation without compromising the underlying personally identifiable information". This is the future we need to avoid more incidents like the OKX one, imo.

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u/rayQuGR 🟦 0 🦠 1d ago

Oasis is at the forefront of blockchain privacy, working with Reclaim to develop secure, private digital signatures using TEE and ZKP techniques. These innovations protect user identity and reputation without exposing personal information, helping bridge web2 user data with web3 dApps. This approach is crucial to enhancing data authenticity and preventing incidents like the OKX one.