OKX Suspends DEX Aggregator because it ‘Works Diligently’ to Improve Safety

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OKX Suspends DEX Aggregator because it ‘Works Diligently’ to Improve Safety



OKX has quickly suspended its decentralized change aggregator after regulators within the European Union (EU) started taking a look at the way it was utilized by North Korea to launder proceeds from a latest hack of crypto change Bybit.

Bloomberg reported on March 11 that the EU regulators have been investigating OKX’s Web3 providers for allegedly laundering funds from the Bybit hack, prompting OKX President Hong Fang and different executives to name Bloomberg’s report deceptive and assert the corporate’s dedication to combating monetary crime.

“We’re addressing a tagging problem with explorers that highlights OKX DEX aggregator because the vacation spot of trades when in truth, OKX DEX aggregator simply appears for the perfect value to execute the order, after which the ultimate order/commerce is positioned on one of many DEXs our aggregator connects to,” a spokesperson for OKX instructed CoinDesk in a Telegram message.

The spokesperson mentioned that after consulting regulators, they proactively paused our DEX aggregator to implement new tagging and safety upgrades.

“This choice ensures the transparency of how our software program and techniques work, together with the security of our platform and customers,” they continued.



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