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OKX CEO recalls Bitcoin crises and says crypto grows stronger after each challenge

Market News
17 Oct 2026
Blockonomi
View Source
Bullish
OKX CEO recalls Bitcoin crises and says crypto grows stronger after each challenge

OKX CEO Star Xu reflected on Bitcoin's early crises, including network attacks, the Mt. Gox collapse, and the FTX bankruptcy, highlighting how these events threatened the cryptocurrency's survival. He explained that resolving such major industry issues often takes months or years, but each recovery has strengthened the market. Xu emphasized that improved security, regulation, and innovations like tokenized securities and stablecoins will drive the industry's growth in the coming decade. His insights underscore the resilience and evolving maturity of the crypto market despite past setbacks.

Bitcoin's resilience is highlighted alongside Pluang's market data as of Oct 17, 2026 18:01 WIB: out of 50 major cryptocurrencies, only 9 rose while 40 fell. Notable movers include ADA at Rp3.997 with a 3.66% decline and a strong buy interest of 86%, AVAX at Rp179.080 down 3.57% with balanced buy/sell activity, and CAKE at Rp38.425 down 3.29% with nearly equal buy and sell orders. This snapshot provides context for understanding crypto market dynamics amid ongoing industry evolution.

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