- OKX temporarily cancel Dex Aggregator Services to address security issues.
- It implemented a hacked -dress detection system for its Web3 Dex aggregate.
OKX Exchange made an elaborate post about its proactive measures against security threats. It temporarily canceled its Dex aggregate services to improve its features. In response to the safety threat from Bybit Hacker Lazarus Group and media platforms, OKX takes steps towards robust security, along with a hacker detection system.
We temporarily pause our DEX aggregate to address incomplete tagging on blockchain -discovery while we also roll out new safety features. This is to deal with the latest coordinated media attacks along with failed efforts from the Lazarus Group to abuse our defi … pic.twitter.com/r6ohniaalt
– OKX (@OKX) March 17, 2025
According to the latest Blog Crypto Exchange was published on OKX official website, pausing its Dex aggregate services. This is mainly to handle incomplete tagging on blockchain -discovery and to implement new security features.
A complete tagging on blockchain -discovery enables them to track and label transactions. But incomplete tagging raised concerns about whether hackers abuse the OKX platform. The team said,
“We discovered a coordinated effort by the Lazarus group to abuse our defi services. At the same time, we have noticed an increase in the competition attacks aimed at undermining our work. “
The suspension of Dex aggregate services is to prevent further abuse of the platform. In addition, a hacker detection system was recently rolled out for its DEX aggregate. This will track the hackers’ latest addresses and block them in real time. OKX wallet services will be available to users. However, the team paused new wallet creation in selected markets during this period.
European cryptoregulators examined OKX Web3 service last week
According to a Bloomberg Report, European Cryptoral Regors examined OKX Web3 services regarding the latest village chop. Obviously, Bybit -Hackeren Lazarus group used its services to wash $ 100 million from stolen funds in the village chop. Regulators even discussed penalties according to the latest mica rules.
The Bybit hack Shook the crypto industry and was one of the largest hackers worth $ 1.4 billion. Although the Bybit team has made active efforts to track the hackers’ wallet addresses, they could not recover the stolen funds. Since OKX met threats and attacks from the media and supervisory authorities, proactive measures were taken to implement a hacker detection system.
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