2 weeks ago
The level reportedly caught regulators' attraction aft reports that it was utilized to launder immoderate of the proceeds of the caller Bybit hack.
Mar 17, 2025, 6:15 a.m. UTC
OKX has temporarily suspended its decentralized speech aggregator aft regulators successful the European Union (EU) began looking astatine however it was utilized by North Korea to launder proceeds from a recent hack of crypto speech Bybit.
Bloomberg reported connected March 11 that the EU regulators were investigating OKX’s Web3 services for allegedly laundering funds from the Bybit hack, prompting OKX President Hong Fang and different executives to telephone Bloomberg's study misleading and asseverate the company's committedness to combating fiscal crime.
I'm profoundly disappointed that erstwhile we effort to assistance our manufacture get safer, those who we person helped sent mis-leading accusation alternatively and tried to make FUD.
Regardless of what others bash oregon say, we instrumentality our committedness to compliance seriously. We instrumentality our committedness to our… https://t.co/nN9aYlPNO1
We typically don't respond to mendacious claims and misinformation.
Despite our champion efforts to assistance Bybit actively by directing resources towards them, they look to beryllium citing misinformation connected X and with journalists.
We spoke to Bloomberg contiguous and provided our statement… https://t.co/VJyK9WhKSP
"We are addressing a tagging contented with explorers that highlights OKX DEX aggregator arsenic the destination of trades erstwhile successful fact, OKX DEX aggregator conscionable looks for the champion terms to execute the order, and past the last order/trade is placed connected 1 of the DEXs our aggregator connects to," a spokesperson for OKX told CoinDesk successful a Telegram message.
The spokesperson said that aft consulting regulators, they proactively paused our DEX aggregator to instrumentality caller tagging and information upgrades.
"This determination ensures the transparency of however our bundle and systems work, on with the information of our level and users," they continued.
Sam Reynolds
Sam Reynolds is simply a elder newsman based successful Asia. Sam was portion of the CoinDesk squad that won the 2023 Gerald Loeb grant successful the breaking quality class for sum of FTX's collapse. Prior to CoinDesk, helium was a newsman with Blockworks and a semiconductor expert with IDC.
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