OKX Unveils OKX Shield with Up to €500,000 in Account Protection

OKX Shield is a new account protection program launched by OKX, a global cryptocurrency exchange and onchain technology company. The program offers up to €500,000 in account protection for customers in Europe.

The service builds on industry-leading safeguards and advanced account security measures, including enabling passkey and facial verification for large withdrawals and disabling web withdrawals. Customers must also meet ongoing account and device-security requirements.

Account takeover fraud is a significant challenge for financial businesses to protect against, with billions lost every year in Europe. According to recent EBA and ECB data, €4.2 billion was lost in payment fraud across Europe in 2024, up from €3.5 billion in 2023.

Erald Ghoos, CEO of OKX Europe, stated that strong account protection has always been part of the service their customers receive and that OKX Shield raises the bar for what customers should expect from a digital asset platform.