OKLink and CertiK to Develop Freeze-Asset Request Standard

OKLink and CertiK will develop a technical standard for asset-freeze requests. The initiative aims to simplify incident-reporting procedures and accelerate the freezing of stolen tokens.

The partners agreed to deepen cooperation in risk management and data-compliance requirements, helping to safely develop Web3-industry.

The companies invite interested parties to join the development.

OKLink cited the rising frequency of hacker incidents as justification for the need for the standard. Experts say the creation of a Freeze Asset Request aligns with the interests of platforms and affected parties.

Attackers often attempt to move compromised assets to exchanges. In response, the affected parties request platforms to freeze the stolen funds. Each exchange, meanwhile, operates its own procedures for handling such situations.

The press release notes that a broad set of technical requirements and documentation has formed.

As a result, communication between victims and exchanges is often lengthy, while the window to recover funds is very short.

As reported, from January to August losses of Web3 platforms from hacks and scams totaled $1.25 billion. Analysts from Immunefi say.