OKX starts its decentralized Exchange (DEX) aggregator again with a new security system after he had fallen in hot water with regulators earlier this year in the midst of Fallout of the record setting Bybit Hack.
OKX Chief Executive star XU announced on the social media platform X on Sunday that OKXs DEX would restart with a “real-time abuse-detecting and blocking system.”
“OKX web3 is [the] Chrome and search engine for [the] Blockchain. [Based] About our understanding of data on chains, we help customers to access hundreds [of] Real-time data from chains, manage multiple chains’ assets and work with millions in [of] Dapps (decentralized applications). “
Traders use data from Dex-Aaggregators to find the best priced transactions in various decentralized fairs.
In March, OKX announced that it had decided to ‘temporarily suspend’ DEX aggregator after consultation with regulators.
The suspension was materialized after hackers for a stunning $ 1.4 billion in Ethereum (ETH) and Lido Staked Ether (Steth) from the Crypto Exchange Bybit in February. Pseudonym researcher at the Zachxbt chain connected the exploit to the Lazarus group, a notorious North Korean cyber criminal outfit.
Ben Zhao, the Chief Executive of Bybit, said after the hack that $ 100 million to the stolen ETH was moved by OKX’s web 3 -proxy.
“From them, 16,680 ETH, we can trace [and] 23,553 ETH or $ 65 million (~ 5%) is not -traceable, which requires info from OKX web3. “
In March, Bloomberg reported, stating ‘people with knowledge of the case’, that Crypto supervisors of the European Union (EU) watched OKX.
OKX acknowledged that it discovered a coordinated effort from the Lazarus group to abuse its decentralized financial (Defi) services.
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