Cybersecurity
Crypto Exchange OKX Suspends DeFi Service After EU Scrutiny
- European regulators recently zeroed in on the Web3 service
- It was used to launder $100m stolen by Bybit’s hackers
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Digital-asset exchange OKX has suspended a service used by hackers to launder some of the proceeds from a $1.5 billion heist on trading platform Bybit, after drawing scrutiny from European watchdogs.
“After consulting with regulators, we made the proactive decision to temporarily suspend our DEX aggregator services,” OKX said in a statement on Monday. “This move allows us to implement additional upgrades to prevent further misuse.”