OKX Extends Shield Program to U.S. Users With up to $500,000 in Reimbursements
By Unchained
AI summary of the source article
Crypto exchange OKX is expanding its Shield reimbursement program to U.S. users, offering up to $500,000 for account takeovers. Eligible users must enable specific security settings to qualify.
Key facts
- Eligible U.S. customers can receive up to $100,000, with VIP tiers eligible for between $250,000 and $500,000.
- Qualification requires setting up a passkey, enabling large withdrawal protection and transaction verification, and disabling web withdrawals.
- Shield is a discretionary goodwill initiative rather than insurance, limits users to one lifetime claim filed within 72 hours, and pays reimbursements in stablecoins.
Source excerpt · Unchained
The crypto exchange says customers in its upper VIP tiers can get up to $500,000, while its terms describe Shield as a discretionary goodwill program rather than insurance. The post OKX Extends Shield Program to U.S. Users With up to $500,000 in Reimbursements appeared first on Unchained .