Bitcoin Exchange OKX announced that it has stopped Dex collector services! A new hacking incident? Here are the details

Crypto exchange Okx, In response to increased security threats and ongoing attacks on the platform, he temporarily suspended the decentralized stock market (DEX) collector.

OKX temporarily stopped the Dex collector due to security concerns

Okx said in a statement, concerns about missing block chain labeling and the need for advanced security measures to prevent abuse by malicious actors. The stock market has now put into practice a hacker address detection system and a blocking mechanism for suspicious addresses.

OKX announced that it has found a coordinated effort by Lazarus Group, a North Korean -related Lazarus Group, to abuse non -decentralized finance services. The stock market also reported an increase in competitive attacks aimed at weakening the platform.

It was found that block chain labeling, a process that helps to label and monitor block chain operations, was insufficient and caused OKX to stop the Dex collector while strengthening the security protocols.

Security concerns, OKX’in Bybit hacking 100 million dollars involved in the allegedly involved in the investigation of the investigation appeared.

In January, Bybit, one of the largest crypto exchanges, was attacked by a $ 1.5 billion Ethereum, which pointed to the greatest theft in crypto history.

The attack was attributed to Lazarus Group, a poor North Korean hack collective behind many major cyber crimes.

Bybit CEO Ben Zhou recently announced that approximately 40,233 ETH ($ 100 million) from Bybit Hack ($ 100 million) flowed from the web3 platform and that most of the stolen funds were no longer lost and unattractive.

Regulatory printing in the EU

In addition to OKX’s challenges, Bloomberg reported on March 11th that European Union regulators were investigating OKX’s defi platform due to potential incompatibility to the EU’s Crypto Asset Markets (Mis).

While OKX is working to strengthen the security infrastructure, the stock market is now facing the increasing examination of both regulators and wider crypto community.

*It is not an investment advice.