OKLink and CertiK to develop a standard for blocking stolen tokens

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OKLink and CertiK will develop a technical standard for requesting asset freezes. The initiative is aimed at simplifying the incident reporting procedure and speeding up the freezing of stolen tokens.

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

Companies invite interested parties to join the development process.

OKLink cited the increased frequency of hacking incidents as an explanation for the need for the standard. According to experts, creating a Freeze Asset Request is in the best interests of the platforms and affected parties.

Attackers often try to transfer compromised assets to exchanges. In response, the affected parties ask the platform to freeze the stolen funds. However, each ad platform 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 interval for receiving funds is very short.
 
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