Unlock the Secret to Proving Your Dad is Your Dad: OKX’s Compliance Saga

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If OKX asks you to prove your dad is your dad, don’t take it personally—it’s just compliance.

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Xu described the challenge of “false positives,” where legitimate users are mistakenly flagged as risky despite normal behavior. The CEO noted that even advanced industry databases and technologies cannot achieve 100% accuracy in compliance determinations.

“Many service providers adopt an ‘aggressive identification’ strategy, and regulatory authorities often encourage platforms to err on the side of caution,” Xu explained. He justified why compliant users sometimes receive requests to “prove your dad is your dad.”

OKX account restrictions may include asset freezing

OKX maintains authority to issue warnings, request additional documentation, suspend account functions, or terminate accounts for policy violations.

In cases involving sanctions or terrorist activities, the exchange is legally required to freeze related assets.

The platform integrates third-party databases with internal behavioral analysis models to identify potential risk accounts.

Xu emphasized that the compliance system starts internally with zero-tolerance policies for employee misconduct including insider trading and customer interest violations.

Customer-facing compliance includes identity verification, transaction monitoring, sanctions screening, and market manipulation detection. The system automatically reviews user activity against global watchlists and regulatory requirements.

Users flagged for additional verification receive requests for fund source documentation, address proof, and employment history. Xu assured users that truthful document submission would not compromise account safety for those not involved in illegal activities.

The CEO highlighted strict data access controls and privacy protections for submitted documents. He also noted that improper disclosure would result in severe legal consequences for the platform.

So, next time you’re asked to prove your dad is your dad, remember it’s all in the name of compliance. And if you’re still feeling frustrated, just imagine the poor compliance team members who have to sift through all those documents. 😵‍💫

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2025-07-05 20:21