Cryptocurrency exchange OKX has suspended its decentralized exchange (DEX) aggregator following concerns that North Korea-linked hacking group Lazarus has been exploiting the platform for illicit activities. The decision comes as part of ongoing efforts to combat money laundering and unauthorized fund transfers within the crypto space.
The suspension follows reports that Lazarus Group, known for orchestrating high-profile cyberattacks, has been using decentralized platforms to launder stolen funds. OKX’s DEX aggregator, which connects users to various decentralized exchanges for optimal trade execution, was reportedly being misused to facilitate the movement of illicit crypto assets.
OKX emphasized that security remains a top priority and that the suspension is a proactive measure to prevent further exploitation. The exchange is working closely with blockchain analytics firms and regulatory authorities to enhance monitoring and implement stronger safeguards against financial crime.
As regulatory scrutiny on crypto-related illicit activities intensifies, major platforms like OKX are under increasing pressure to strengthen compliance measures. The suspension of the DEX aggregator underscores the ongoing challenges in balancing decentralization with security in the rapidly evolving digital asset landscape.
