OKX Suspends Decentralized Exchange Operations After Consulting With Regulators To Combat Financial Crime

The Crypto Exchange OKX has decided to ‘temporarily suspend’ his decentralized Exchange (DEX) aggregator after consultation with supervisors.

Traders use data from Dex -Aggregators 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 in the Zachxbt chain linked The exploit for the Lazarus group, a notorious North Korean cyber criminal outfit.

Earlier this month, Ben Zhao, Chief Executive of Bybit, said $ 100 million in the stolen ETH was moved by OKX’s Web3 -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, Bloomberg, with reference to ‘people with knowledge of the case’, reported That crypto supervisors of the European Union (EU) investigated to OKX.

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

“This movement allows us to implement extra upgrades to prevent further abuse.

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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