The crypto exchange OKX has suspended its decentralized exchange aggregator following attempts by the Lazarus hacking group to misuse it.
Reasons for DEX Aggregator Suspension
Recently, the Lazarus group has attempted to exploit OKX’s DeFi services, prompting the exchange to suspend its DEX aggregator. This decision was made following consultations with regulators to implement additional security enhancements to prevent further misuse.
Response to Money Laundering Allegations
OKX is under scrutiny by EU regulators for its alleged role in money laundering following the Bybit hack. However, the company claims that media reports have been misleading and emphasizes its commitment to fighting financial crime.
Measures to Prevent Abuse
OKX is developing new hack detection features and implementing systems to block hacker transactions in real time. Importantly, OKX emphasizes that it is not a custodian of customer assets but facilitates access to liquidity. Measures include hacker address detection and blocking systems for improved security.
OKX is proactively enhancing the security of its systems to counter external threats and ensure the safe use of its services.
