OKX CEO defends aggressive compliance rules star-news.press/wp

If OKX asks you to prove that your father is your father, do not take it personally – it’s just compliance.

This is according to OKX CEO of Star Xu, who issued a detailed explanation of compliance and risk monitoring procedures in response to user complaints about account restrictions and verification demands.

The statement recognizes the false positive rates and the user’s optimal experience with the defense of the global organizational obligations of the platform.

Shaw explained that the OKX compliance team exceeds 600 members dedicated to preventing illegal activities, including terrorist financing, human trafficking, drug trafficking, money laundering, fraud and market manipulation.

The CEO emphasized that these measures are necessary to meet the legal requirements through the judicial states where OKX operates.

VPN use improved scrutiny

The flags of exchange based on multiple risk factors, with VPN use of restricted areas as an essential operator of additional verification requirements.

Users who use Tor browsers or have potential relations with approved countries or political numbers are facing increasing document requests, including proof of address, date of residency and recruitment verification.

Shaw described the challenge of “wrong positives”, where legal users are markedly marked as risky despite natural behavior. The CEO indicated that even advanced industry databases and technologies cannot achieve 100 % accuracy in compliance determinants.

“Many service providers adopt a” aggressive identity “strategy, and organizational authorities often encourage platforms to errors besides caution,” Shaw explained. He justified why compatible users are sometimes receiving requests “to prove that your father is your father.”

OKX account restrictions may include asset freezing

OKX maintains the authority to issue warnings, request additional documents, account comments, or end of political violations accounts.

In cases of sanctions or terrorist activities, it is necessary to exchange a law to freeze related assets.

The platform integrates third -party databases with internal behavioral analysis models to determine potential risk accounts.

Xu emphasized that the compliance system begins internally with the zero tolerance policies of employee miscarriage, including internal trading and customer interests violations.

Compliance with the customer includes identity verification, transactions monitoring, penalties, and market treatment. The system automatically reviews the user activity for global monitoring lists and regulatory requirements.

Users reported the additional verification of requests to receive the source of the box, prove the addresses, and the recruitment record. Xu assured users that submitting sincere documents will not cause the safety of the account to those who do not participate in illegal activities.

The CEO highlighted the strict control elements in accessing data and protecting privacy of the documents provided. He also pointed out that the improper examination will lead to severe legal consequences on the platform.