Here’s the translation: --- Let’s talk about some common scenarios of wallet theft. Hope this helps everyone: 1️⃣ Centralized private key risks in DEX Bot-type products Many DEX Bot products upload users’ private keys to servers, storing them in plaintext or decryptable formats. This means internal technical staff can access private keys, and once hacked, the risk level is essentially equivalent to that of an exchange. Therefore, the security standards for such products must reach exchange-level standards; otherwise, the risks are extremely high. Additionally, these products are essentially not self-custodial wallets. In most jurisdictions, related service providers may be required to comply with KYC, AML, and other regulatory obligations; failure to do so could lead to compliance or even criminal risks in the future. 2️⃣ Code vulnerabilities or malicious intent in self-custodial wallets This includes code defects, supply chain attacks, or repository breaches, leading to private keys being stolen and leaked. A few days ago, a well-known wallet theft incident fell into this category. 3️⃣ User terminal devices being compromised or data leaks Devices like phones or computers being infected with malware that monitors keyboard inputs or clipboard activity; Or mnemonic phrases being saved as screenshots and automatically backed up to cloud storage by photo apps. We’ve handled real legal cases where employees of a major photo app company wrote server-side programs to scan user backup photos, specifically filtering out images containing mnemonic phrases. 4️⃣ Structural dependency on private key custody for automated strategies Many users rely on Bot’s automated strategy functions, which require them to entrust their private keys to Bot service providers. The upcoming OKX Wallet Smart Account will use TEE technology to execute automated strategies without requiring private key custody, solving this long-standing security dilemma. 5️⃣ The correct evolution direction for wallet security Private key security and ease of use are not opposing concepts. The design philosophy of OKX Pay Wallet combines: • Institutional-grade security and risk control systems • User-local Passkey / self-control OKX Pay is still a conceptual product, but over the next year, we’ll continue introducing more powerful features to better protect ordinary users’ assets. ---