OKX relaunched its decentralized exchange (DEX) aggregator with enhanced security measures on May 4, following a pause in March due to exploitation by the Lazarus Group [1]. The upgrades aim to identify and block suspicious on-chain activities.
OKX founder Star Xu announced the relaunch on X, highlighting the inclusion of a real-time abuse detection system [1]. The updated OKX Web3 platform now features tools to categorize wallet holders, identifying potential whales or snipers.
The exchange stated the new measures include a dynamic database of suspect addresses to block hackers in real-time [1]. OKX also mentioned audits and verification by blockchain security firms like CertiK, Hacken, and SlowMist [1].
In March, OKX temporarily suspended its DEX aggregator to prevent further misuse by the Lazarus Group [1]. Bloomberg reported on March 11 that EU financial watchdogs were investigating OKX's DEX aggregator and wallet services for alleged money laundering related to the $1.4 billion Bybit hack in February [1].
OKX refuted the allegations, clarifying that its self-custody wallet service acts as an aggregator and does not hold customer assets [1]. Other crypto services, including eXch, have also faced scrutiny for alleged involvement in laundering funds from the Lazarus Group's activities [1].
eXch initially denied the allegations but later admitted to processing some funds from the February hack before ceasing operations on May 1 [1].
This article is based on our author's analysis of materials taken from the following resource: Cointelegraph.