The cryptocurrency exchange OKX has temporarily suspended its decentralized exchange (DEX) aggregator in response to threats from the North Korean hacking group Lazarus, aiming to improve security measures.
Reasons for OKX's DEX Aggregator Suspension
The suspension occurs amid heightened scrutiny from European financial regulators investigating OKX Web3’s role in laundering funds from the $1.5 billion Bybit hack. Reports indicate that nearly $100 million of the stolen funds were laundered through OKX's Web3 platform.
OKX's Security Measures Against Hackers
OKX has implemented a hacker address detection system and a real-time tracking system to block suspicious addresses. OKX CEO Star Xu stated that the exchange has already deployed multiple security measures, including IP blocking for prohibited markets and real-time black address detection.
OKX's Response to Misrepresentation Claims
OKX insists that its DEX aggregator is not a custodian of customer assets but acts as a liquidity aggregator across various protocols. In response to media criticism, the exchange emphasized that some critics have deliberately misrepresented information and clarified its goal to ensure correct DEX transaction attribution.
While OKX has not provided a timeline for the DEX aggregator's return, the exchange assured that its crypto wallet services remain active. Operations will continue with strengthened security protocols and a focus on regulatory compliance.
