Crypto Exchange OKX Suspends DeFi Service After EU Scrutiny (3)

Digital-asset exchange OKX has suspended a service used by hackers to launder some of the proceeds from a $1.5 billion heist on trading platform Bybit, after drawing scrutiny from European watchdogs.

“After consulting with regulators, we made the proactive decision to temporarily suspend our DEX aggregator services,” OKX said in a statement on Monday. “This move allows us to implement additional upgrades to prevent further misuse.”

The move comes after a Bloomberg News report said regulators had zeroed in on the use of OKX’s Web3 service by Bybit hackers — which authorities have linked to North Korea — to launder ...