OKX will reset to restart after almost two months of downtime about presumably abuse by the Lazarus group in Noord -Korea.
According to May 5th X From founder and CEO star XU, the release of OKX Web3, the Exchange’s Selfustody wallet and DEX-AGGregator, is supplied with a real-time detection system for abuse and improved Onchain security aids that are designed and block suspicious activities.
XU described the service as a “browser and search engine for blockchain”, with the aim of making safer access to Defi protocols possible.
The restart follows a suspension of 17 March of the aggregator after OKX has identified attempts from the Lazarus Group to operate its Defi services.
At the time, the stock market said that the “failed efforts of Lazarus Group” had discovered to “abuse” their Defi services, which encouraged a temporary break to roll out new security functions.
The suspension was also amidst regulatory research. In March, Bloomberg reported that the financial watchdogs of the EU OKXs Dex Aggregator and Wallet Services investigated for a potential role in money laundering linked to the bybit -hack of $ 1.4 billion.
OKX replied by clarifying that his web3 wallet only acts as a Dex -Aaggregator and has no custody about user assets. The company said the worries were based on a misunderstanding about how aggregator Swaps functions.
Per 4 May announcementOKX Web3 now contains a dynamic database to detect and block wallet addresses that have been linked to hackers and other bad actors in real time, while issuing proactive warnings to warn users of risky transactions.
In addition, it contains portfolios for portfolio that identify users as possible whales or snipers based on their activity.
The company also noted that OKX Web3 was checked by Certik, Hacken and Slowmist, and his infrastructure has undergone extensive tests via a Bug Bounty program.
The relaunch of OKX Web3 only comes a few days after OKX has introduced a new function for self -coastal payments called OKX Pay. The new range of streamlining crypto transfers and allows users to send USDT and USDC -Stablecoins with zero costs, while retaining complete custody of their assets.
