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How can you redact sensitive information in Adobe Acrobat X Standard?
No, redaction is a Pro feature (i.e. it's only in Acrobat Pro, for all versions). You'd need to upgrade to the current version of Acrobat Pro, but it's far too late for a discount, I fear.
You can actually use Acrobat's internal Redaction tool, even in the Standard version! But it requires using a script, like this (paid-for) one I've developed: https://www.try67.com/tool/acrobat-convert-comments-to-redactions