OKX Suspends DEX Aggregator as it 'Works Diligently' to Upgrade Security

Quick Summary:

The platform reportedly caught regulators' attention after reports that it was used to launder some of the proceeds of the recent Bybit hack.

"This decision ensures the transparency of how our software and systems work, along with the safety of our platform and users," they continued.

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

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Article Details

Author / Journalist: Sam Reynolds

Category: Crypto

Markets: United StatesCubaNorth Korea

Topics: Markets Blockchain OKX

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-03-17 @ 06:15:22 (16 hours ago)

News Timezone: GMT -5:00

News Source URL: coindesk.com

Language: English

Article Length: 185 words

Reading Time: 2 minutes read

Sentences: 23 lines

Sentence Length: 9 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © CoinDesk

News ID: 27073894

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Main Topics: Crypto

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News Last Updated: 8 hours ago

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