СertiK will develop a standard for blocking stolen tokens


OKLink and CertiK will develop a technical standard for requesting asset freezes. The initiative aims to simplify the incident reporting process and speed up the freezing of stolen tokens.

The partners agreed to deepen cooperation in the field of risk control and data compliance, contributing to the safe development of the Web3 industry.

Companies invite interested parties to join the development.

OKLink cited the increase in hacking incidents as its explanation for the need for the standard. According to experts, the creation of Freeze Asset Request is in the interests of the platforms and affected parties.

Attackers often try to transfer compromised assets to exchanges. In response, the affected parties are asking the platform to freeze the stolen funds. However, each site has its own procedures for handling such situations.

As a result, a wide range of technical requirements and documentation was formed, the press release says.

As a result, communication between victims and exchanges is often lengthy, while the time period for receiving funds is very short.

Let us remind you that from January to August, the losses of Web3 platforms from the actions of hackers and scammers amounted to $1.25 billion. These calculations were made by Immunefi analysts.

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