OKX temporarily suspended its decentralized exchange aggregator after the European Union regulators (EU) began to see how it was used by North Korea to whiten the product of a recent crypto exchange bordeau hack.
Bloomberg reported on March 11 that EU regulators were investigating OKX’s web3 services to whiten the allegedly piracy of Bybit, encouraging OKX president, Hong Fang and other managers to call the deceptive Bloomberg report and assert the company’s commitment to fight financial crime.
I am deeply disappointed that when we try to help our industry become more safe, those we have helped send bad information during the place and tried to create Fud.
Regardless of what others do or say, we make our commitment to compliance seriously. We make our commitment to our… https://t.co/nn9aylpno1
– Hong (@Hfangca) March 11, 2025
We generally do not respond to false complaints and disinformation.
Despite our best efforts to help actively contribute by directing the resources to them, they seem to citing disinformation on X and with journalists.
We talked to Bloomberg today and provided our declaration… https://t.co/vjyk9whksp
– Haider (@haider) March 11, 2025
“We are tackling a markup problem with explorers who highlights Okx Dex Aggregator as destination of the trades while in fact, Okx Dex Aggregator is simply looking for the best price to execute the order, then the final / business command is placed on one of the Dex in a aggregator message”, a spokesperson for Okx told Coindesk in a Telegram message.
The spokesman said that after consulting the regulators, they had proactively interrupted our DEX aggregator to implement new upgrades of marking and security.
“This decision guarantees the transparency of the operation of our software and our systems, as well as the security of our platform and users,” they continued.
