Singapore — OKLink, a leading Web3.0 on-chain data and compliance solutions provider under OKG Technology Holdings (1499.HK), has partnered with CertiK, a top-tier Web3.0 security firm, to launch the Freeze Asset Request (FAR) technical standard. This collaboration aims to streamline fund recovery processes, simplify security incident reporting, and accelerate the freezing of stolen assets across Web3.0 ecosystems.
Key Initiatives of the Partnership
FAR Standardization
- Establish uniform protocols for asset freezing requests to reduce communication delays between victims and exchanges.
- Address the current fragmented approaches by exchanges, which often result in prolonged response times during critical recovery windows.
Enhanced Risk Control & Data Compliance
- Joint development of data labelling standards and standardized information exchange workflows.
- Improve data accuracy and coverage to bolster ecosystem security.
Unified Transaction Labeling System
- Create a common taxonomy for transaction tags across data providers, enabling seamless collaboration during security investigations.
Industry Impact
During the Meta Era Summit 2023 at Token 2049, CertiK hosted a panel discussion on "Elevating Security Standards for Web3.0 Users", featuring insights from:
- Professor Kang Li, CertiK’s Chief Security Officer
- Ren Yu Nan, CEO of OKG Technology
- Professor Yang Liu, Nanyang Technological University
Ren Yu Nan emphasized:
"A standardized fund-locking mechanism will benefit both victims and exchanges. OKLink’s blockchain analytics expertise, combined with CertiK’s security prowess, can drive positive change in Web3.0."
CertiK has audited 4,100+ Web3 projects, uncovering 70,000 code vulnerabilities and safeguarding $370B in assets. Their SaaS tools monitor 2B+ wallets and 12,000 projects in real-time.
FAQs
Q: What is FAR?
A: Freeze Asset Request (FAR) is a proposed standard to simplify the process of freezing stolen crypto assets across exchanges.
Q: How will this partnership improve Web3.0 security?
A: By unifying data labelling, transaction tracking, and response protocols to reduce exploit response times.
Q: Which organizations support this initiative?
A: OKLink, CertiK, and collaborating exchanges. More participants are encouraged to join.
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Future Outlook
This partnership builds on prior collaborations between OKLink and CertiK, aligning their vision for a secure, interoperable Web3.0 landscape. The initiative marks a significant step toward industry-wide safety and compliance standards.