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Crypto speech OKX has temporarily paused its decentralized speech aggregator to forestall “further misuse” by North Korean hacking corporate Lazarus Group.
“Recently, we detected a coordinated effort by Lazarus radical to misuse our defi services,” said OKX connected March 17.
“After consulting with regulators, we made the proactive determination to temporarily suspend our DEX aggregator services. This determination allows america to instrumentality further upgrades to forestall further misuse.”
The OKX helpdesk confirmed that the DEX aggregator was temporarily suspended for an “internal reappraisal and upgrade” but did not supply a timeline.
It added that crypto wallet services volition stay disposable to each customers, but it volition “pause caller wallet instauration successful prime markets during this time.”
Source: OKX
On March 11, Bloomberg reported that European Union fiscal watchdogs were investigating the firm’s DEX aggregator, called OKX Web3, and its wallet services for their alleged relation successful laundering funds from the Bybit hack.
“Over the past fewer days, we’ve faced targeted media attacks questioning our integrity and operations,” the steadfast stated successful a blog post. It added that it “can’t disregard the information that these attacks are happening astatine a clip erstwhile we are actively warring against fiscal crime.”
According to Bybit CEO Ben Zhou, astir $100 cardinal from the $1.5 cardinal Bybit hack had been laundered done OKX’s Web3 proxy, with a information of the funds present untraceable.
OKX responded connected March 11, stating that the “Bloomberg nonfiction is misleading,” saying that erstwhile Bybit got hacked, OKX reacted successful 2 ways: by freezing associated funds from moving into its CEX, and processing the caller hack detection features.
Related: Lazarus Group sends 400 ETH to Tornado Cash, deploys caller malware
OKX stated that the extremity is to guarantee that explorers decently item the existent DEX processing trades “rather than mistakenly identifying our aggregator arsenic the constituent of trade.”
The speech has already deployed a “hacker code detection system” for its DEX aggregator successful summation to a strategy to way the hacker’s latest addresses and artifact them connected its centralized speech successful existent time.
“We already rolled retired a batch of controls for OKX Web3 to combat with the misuse, including prohibited markets’ IP blocking and real-time achromatic code detection and blocking system,” said OKX CEO Star Xu connected March 17.
The steadfast besides clarified that the OKX Web3 DEX aggregator is not a custodian of lawsuit assets, adding that its relation is to supply entree to liquidity crossed aggregate protocols. However, “some person deliberately misrepresented our platform,” it said.
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