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      OKX Introduces Account Protection Program in the US

      Cryptocurrency exchange OKX has launched its OKX Shield program in the United States, providing users with up to $500,000 in protection against account compromises. The program, which debuted on October 20, 2026, aims to address unauthorized account takeovers resulting from phishing, malware, and SIM swap attacks, which are increasingly prevalent in the cryptocurrency sector.

      The Shield program features tiered reimbursement limits based on users' VIP status. Users classified as VIP 4 to VIP 6 can receive up to $500,000, while those in VIP 1 to VIP 3 are eligible for up to $250,000. Regular users can claim up to $100,000. However, the reimbursement is discretionary, meaning OKX retains the authority to approve or deny claims. Additionally, the program mandates security measures such as multi-factor authentication and Passkey features to enhance user protection.

      The launch in the US follows the program's introduction in the European Economic Area on September 22, 2026. OKX serves over 150 million customers worldwide, and the rollout strategy indicates a market-by-market approach to implementing the Shield program. Andrew Cuomo, a former governor of New York and current board member of OKX, has endorsed the initiative as a means to foster trust within the cryptocurrency ecosystem.

      © 2026 KLEA News. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

      Source: KLEA News

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