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Is OKX safe in 2026? Licenses, proof of reserves and real risks

Is OKX reliable? In one sentence: technical security is where it does well — no public disclosure of its core wallet being breached, monthly proof of reserves, and both an EU MiCA license and a Dubai license. But 'safe' has to be taken apart: in 2025 it reached a settlement of more than $500 million with the US Department of Justice, was drawn into the investigation into laundering of Bybit's stolen funds, and most international users sign with a Seychelles entity that has no government backstop. This article covers licenses, reserves, the compliance record and the risks that can actually make you lose money, with a selection table and a self-check method.