4Alpha Group upgraded its security system due to recent assets theft incidents on OKX and Binance

Following recent asset
theft incidents on
OKX
and
Binance, 4Alpha
Group contacted
the
relevant
persons
in
charge
of
OKX
and
Binance at
the
first
time
to carry out
a
security
risk
investigation
of
all
managed
accounts,
and
adopted
a
series
of
measures to
upgrade
the
security
system.

On
June
3rd,
a
user
named
Nakamao
posted
on
platform
X, “I
have
become
a
victim
of
the
crypto
world,
with
$1
million
disappearing
from
my
Binance
account.”
According
to
Nakamao,
despite
being
in
a
secure
environment
with
all
communication
devices
within
reach,
hackers
managed
to
steal
all
the
funds
from
his
account
without
needing
a
password
or
two-factor
authentication
(2FA).

Following
this,
a
similar
incident
was
reported
on
the
OKX
exchange.
A
user
in
the
community
claimed
their
account
was
attacked
by
AI “face
swap”
technology,
resulting
in
the
transfer
of
$2
million
in
assets.
As
a
cryptocurrency
trading
platform,
OKX
has
a
responsibility
to
ensure
the
safety
of
user
assets.
This
incident
exposed
the
platform’s
lack
of
focus
on
security,
inadequate
investment
in
safety
measures,
and
insufficient
risk
management
capabilities.

Following
these
two
security
incidents,
the
person
in
charge
of
4Alpha
Group’s
asset
management
business
quickly
contacted
the
relevant
persons
in
charge
of
OKX
and
Binance,
carried
out
a
security
risk
investigation
of
all
managed
accounts,
and
adopted
a
series
of
measures,
including
restricting
withdrawal
amounts
and
managing
trading
pairs,
to
ensure
the
safety
of
customer
assets
and
the
stability
of
strategy
returns,
and
prevent
malicious
behaviors
such
as
knocking
and
stealing.
This
move
once
again
reflects
4Alpha
Group’s
emphasis
on
asset
security
and
its
responsible
attitude.

In
order
to
enhance
the
security
of
your
funds
and
information
protection,
4Alpha Group
has
recently
upgraded
a
series
of
risk
control
measures,
including
but
not
limited
to
the
following
aspects:

Strengthened
identity
verification
system:
We
have
enhanced
the
identity
verification
process
to
ensure
that
only
users
who
have
undergone
rigorous
verification
can
access
their
assets.

Multi-signature
technology:
We
have
implemented
multi-signature
technology
that
requires
multiple
authorizations
to
complete
key
operations,
effectively
preventing
internal
and
external
threats.

Real-time
monitoring
system: We
have
established
a
24/7
real-time
monitoring
system
that
can
promptly
detect
abnormal
activities
and
take
targeted
measures.

Encrypted
communication
transmission: All
information
transmission
between
us
and
our
clients
is
conducted
using
the
highest
level
of
encryption
technology
to
safeguard
the
privacy
and
security
of
communication.

Security
training
and
testing: We
conduct
regular
security
awareness
training
for
employees
and
simulate
tests
to
ensure
that
employees
can
respond
to
various
security
threats.

Through
these
upgraded
measures,
we
are
committed
to
providing
you
with
a
more
secure
and
reliable
asset
management
service
to
protect
your
funds.
Thank
you
for
your
trust
and
support.

Based
on
4Alpha
Group’s
years
of
risk-free
operation
experience,
it
is
wise
for
inexperienced
traditional
asset
managers
and
investors
to
choose
centralized
exchanges
or
custodians
that
value
security
and
compliance.
At
the
same
time,
in
the
field
of
asset
management,
it
is
essential
to
cooperate
with
larger-scale
and
longer-running
professional
institutions
to
ensure
the
safety
and
stability
of
assets.

In
the
field
of
crypto
assets,
security
is
the
lifeline.

4Alpha
Group
calls
on
all
parties
in
the
industry
to
work
together
to
strengthen
supervision
and
self-discipline
and
create
a
safe
and
reliable
investment
environment
for
investors.

Disclaimer:
This
press
release
may
contain
forward-looking
statements.
Forward-looking
statements
describe
future
expectations,
plans,
results,
or
strategies
(including
product
offerings,
regulatory
plans
and
business
plans)
and
may
change
without
notice.
You
are
cautioned
that
such
statements
are
subject
to
a
multitude
of
risks
and
uncertainties
that
could
cause
future
circumstances,
events,
or
results
to
differ
materially
from
those
projected
in
the
forward-looking
statements,
including
the
risks
that
actual
results
may
differ
materially
from
those
projected
in
the
forward-looking
statements.