Coin-Turk 13 minutes ago
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Cryptocurrency exchange OKX announced the temporary suspension of its DeFi services after consulting with regulatory authorities. This service was particularly favored by users tracking the best transaction prices across various platforms.
Bybit Hack Incident and OKX
Last month, a cyberattack on the Bybit platform resulted in the theft of Ethereum 
$0.000119 and Lido Staked Ether worth $1.4 billion. On-chain researcher ZachXBT highlighted that the attack may be linked to the North Korean Lazarus Group.
Since the attackers utilized the DeFi platform launched by OKX, European regulatory bodies have intensified their scrutiny of OKX. In summary, the connection between the Bybit hack incident and OKX exists, but since the DeFi platform is public, the exchange does not bear negligence in this regard.
Updates and Security Measures
After detecting attempts by the Lazarus Group to exploit decentralized finance services, OKX decided to implement additional security updates. Collaboration with blockchain research platforms is underway to address the issue of the service gaining a bad re…
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