OKX Suspends DeFi Services Due to Money Laundering Attempt
Date: 2025-03-18 Author: Oliver Abernathy Categories: BUSINESS
Bybit CEO Ben Zhou recently reported the theft of 40,233 ETH, equivalent to $100 million. According to him, it was through OKX's DeFi services that an attempt was made to hide the origin of these funds.
"We have consulted with European regulators and have decided to suspend the DEX aggregator. This will allow us to implement new security measures to prevent abuse," OKX said.
In addition, the exchange has implemented a system for quickly identifying and blocking suspicious addresses on the centralized platform (CEX). Work is also underway to improve transaction labeling methods, which will help clearly distinguish between legitimate transactions and potentially illegal transfers.
Earlier, Bloomberg, citing sources at Bybit, reported the start of an investigation by European regulators into OKX on suspicion of helping to conceal traces of a large-scale hack.
