OKX Web3 has decided to suspend DEX aggregator services to implement security modernization following the notorious abuse reports in North Korea, who have recently performed a $ 1.5 billion crypto.
OKX is an exchange of cryptocurrency global leader offering a wide range of trading options, including on -site trading services and decentralized financing (Defi).
In December 2024, OKX held about 8.0% of the global market share of transactions between centralized exchanges, with a trading volume of about $ 230 billion/month, ranking one of the best exchanges in the world.
A decentralized exchange aggregate (DEX) is a platform that sources liquidity from multiple dexes to provide users the best possible trading and sliding prices.
Following his record $ 1.5 billion bybit Crypto HeistIt seems that the Lazarus group has tried to use Okx’s dex to wash $ 100 million in cryptocurrency stolen.
Conformable BloombergThis has aroused investigations of the regulatory authorities in the European Union. However, okx rejected these statementsstating that they froze the associated funds that move in CEx and accused Bybit of spreading misinformation.
“Recently, we have detected a coordinated effort of the Lazarus group to misuse our Defi services,” it is shown in OKX announcement published earlier today.
“At the same time, we noticed an increase in the competitive attacks aimed at undermining our work. Instead of shy, we chose to take decisive measures.”
Answer to the wrong use
Today, OKX confirmed that Lazarus has constantly tried to use his services, and a certain stop time will be needed to implement adequate defenses to block this activity.
“After consulting with the regulatory authorities, we made the proactive decision to temporarily suspend our DEX aggregate services. This move allows us to implement additional updates to prevent improper use,” explained OKX.
The first measure is the launch of a system that can identify and follow the hacker addresses on the web3 dex aggregate.
The second key measure is the real time blocking of these addresses on the centralized exchange (CEx) to reduce the activity of the laza.
OKX says they work with blockchain explorers to ensure that transactions are properly labeled, preventing confusion on the origins of trade and increasing security.
The cryptocurrency exchange platform is trying to improve the security, transparency and compliance with the regulations through these and other measures.
It remains to be seen whether Lazarus will find ways to bypass these measures or if the North Korean hackers will move to other exchanges that do not meet the high security security standards.
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