OKX suspends DEX aggregator after Lazarus hackers try to launder funds

OKX Web3 has decided to suspend its DEX aggregator services to implement security upgrades following reports of abuse by the notorious North Korean Lazarus hackers, who recently conducted a $1.5 billion crypto heist. OKX is a leading global cryptocurrency exchange that offers a wide range of trading options, including spot and derivatives trading and decentralized finance (DeFi) services. As of December 2024, OKX held approximately 8.0% of the global spot trading market share among centralized exchanges, with a trading volume of around $230 billion/month, ranking as one of the top exchanges worldwide. A Decentralized Exchange (DEX) aggregator is a platform that sources liquidity from multiple DEXs to provide users with the best possible trading prices and reduced slippage. Following its record-breaking $1.5B Bybit crypto heist, the Lazarus group reportedly attempted to use OKX's DEX to launder $100 million of the stolen cryptocurrency. According to Bloomberg, this sparked investig ... Read full article.