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OKX has suspended its DEX aggregator after it was misused by North Korea's Lazarus Group, amid increased EU regulatory scrutiny.
What’s the Scoop?
- Misuse by Lazarus Group: North Korea's Lazarus Group was found misusing OKX's DEX aggregator, prompting security concerns. This follows the group's $1.4 billion hack of the Bybit exchange.
- Heightened EU Scrutiny: The suspension comes as regulatory scrutiny increases in the European Union over compliance with anti-money laundering initiatives.
- Focus on Security: OKX's action underscores the growing priority of security and regulatory compliance in DeFi.
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