OKX to Resume DEX Operations
Crypto exchange OKX has relaunched its decentralized exchange (DEX) aggregator with enhanced security features after pausing it in March to thwart misuse by the North Korean hacking group, the Lazarus Group.
On May 4, OKX founder and CEO Star Xu announced that their DEX aggregator, OKX Web3, will now feature a “real-time abuse detecting and blocking system.”
A DEX aggregator gathers data from various decentralized exchanges and market makers to facilitate user trading. Xu describes OKX Web3 as a “browser and search engine for blockchain.”
OKX also highlighted that the latest update includes new security measures to detect suspicious or fraudulent on-chain activities by hackers and other malicious entities. “Our dynamic database of suspect addresses blocks hackers and bad actors in real-time, while proactive alerts notify you of risky transactions,” the exchange noted.
