OKX temporarily suspends its decentralized exchange aggregator after it began considering how European Union (EU) regulators were used to wash revenues from recent Crypto Exchange Bybit hacks.
On March 11, Bloomberg reported that EU regulators are investigating OKX’s Web3 services, allegedly washing funds from Bibit Hack, urging OKX President Hong Hwan and other executives to mislead the Bloomberg report and assert their commitment to combating financial crime.
When we try to help our industry become safer, the people who helped us send false reading information and try to create FUD are deeply disappointed.
No matter what others do or say, we take our commitment to compliance seriously. We are committed to…https://t.co/nn9aylpno1
– Hong (@hfangca) March 11, 2025
We usually do not respond to false claims or misinformation.
Despite their best efforts to actively support BIBit by directing resources towards them, they appear to be citing misinformation between X and the journalists.
I spoke with Bloomberg today and provided a statement… https://t.co/vjyk9whksp
– Haider (@haider) March 11, 2025
“In fact, OKX Dex Aggregator is simply looking for the best price to run an order, and it addresses the issue of tagging in Explorers, where OKX Dex Aggregator is highlighted as a destination for trading.
The spokesman said he actively suspended Dex aggregators to implement new tagging and security upgrades after consulting with regulators.
“This decision ensures transparency in how the software and systems work, along with the safety of the platform and users,” they continued.
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