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Home»Regulation»OKX suspends the decentralized exchange activities after consultation with regulators to combat financial crime
OKX suspends the decentralized exchange activities after consultation with regulators to combat financial crime
Regulation

OKX suspends the decentralized exchange activities after consultation with regulators to combat financial crime

2025-03-18No Comments2 Mins Read
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The Crypto Exchange OKX has decided to ‘temporarily suspend’ his decentralized Exchange (DEX) aggregator after consultation with supervisors.

Traders use data from Dex-Aaggregators to find the best priced transactions in various decentralized fairs.

The OKX aggregator was recently examined. Last month, hackers steel for a stunning $ 1.4 billion in Ethereum (ETH) and Lido Stusted Ether (Steth) from the Crypto Exchange Bybit. Pseudonym researcher at the Zachxbt chain connected the exploit to the Lazarus group, a notorious North Korean cyber criminal outfit.

Earlier this month, Ben Zhao, the Chief Executive of Bybit, said $ 100 million to the stolen ETH was moved by the OKX web 3 -proxy.

“From them, 16,680 ETH, we can trace [and] 23,553 ETH or $ 65 million (~ 5%) is not -traceable, which requires information from OKX web3 wallet. “

Last week, with reference to ‘people with knowledge of the case’, Bloomberg reported that Crypto supervisors of the European Union (EU) investigated to OKX.

This weekend OKX said it has discovered a coordinated effort from the Lazarus Group to abuse his decentralized finance (Defi) services. In response, the exchange noted that it had taken the “proactive decision” to temporarily suspend his Dex Aggregator services.

“With this step we can implement extra upgrades to prevent further abuse. We know that transparency is crucial, so we also work closely with Blockchain Exexplorers to correct incomplete labeling. Our goal is to ensure that explorers to identify the actual DEX processing.

Furthermore, we have already rolled out:

  • A Hacker address detection system for its Web3 Dex -Aaggregator, which was launched a few days ago.
  • A system to keep track of the latest addresses of the hacker and to block them in the CEX system (centralized exchange) in real time …

One thing that we want to make absolutely clear: OKX Web3 is a Dex -Aaggregator, not a custodian of customer assets. “

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