OKX launches Shield program in Europe with up to €500,000 in account-takeover protection

OKX has introduced OKX Shield in Europe, a discretionary reimbursement program for account-takeover losses. Eligibility requires users to complete a six-step security checklist, including passkeys and multi-factor authentication. Protection limits are tiered based on user status, offering up to €100,000 for standard users, €250,000 for VIP 1–3, and €500,000 for VIP 4–6. The exchange clarified that Shield is a voluntary goodwill program and does not constitute insurance, deposit protection, or a statutory compensation scheme.