OKX Suspends DEX Aggregator After EU Scrutiny Over Bybit Hack Laundering Allegations
The crypto exchange cites security upgrades and regulatory consultations following claims its platform was used to launder $100 million tied to North Korean hackers.
- OKX has temporarily paused its decentralized exchange (DEX) aggregator to address security concerns and tagging issues on blockchain explorers.
- The suspension follows allegations that its Web3 platform was used to launder $100 million from Bybit's $1.5 billion hack, attributed to North Korea's Lazarus Group.
- European regulators are investigating OKX's Web3 services under the EU's Markets in Crypto-Assets (MiCA) regulation for potential non-compliance.
- OKX has denied the allegations, calling media reports misleading and emphasizing its commitment to combating financial crime and improving platform safety.
- The company plans to implement new measures to enhance transparency and prevent misuse, while defending its role in the crypto ecosystem.
Hindustan Times 
