OKX has officially resumed decentralized exchange operations (DEX) with a new real-time detection of abuse and blocking system designed to combat illicit activity.
In a X post.
He went to describe the OKX Web3 as “The Blockchain's Chrome and Search Engine, which emphasizes that their in-depth understanding of on-chain data allows users to access real-time information on hundreds of blockchains, manage properties on multiple networks, and interact with millions of decentralized applications (DAPPS).
Okx dex reboots after the scandal of the lazarus group
The re -compliance follows the months of higher investigation after the platform linked to a $ 100 million laundering operation allegedly tied to the North Korean lazarus group.
Today, OKX Dex has real-time tools for recognizing and blocking suspicious activity. The abuse system actively monitors on-chain behaviors across hundreds of supported blockchains, offering dynamic protections against laundering attempts and malicious intelligent contracts.
OKX's Dex has facilitated one of the biggest cases of currency laundering in Crypto history in March 2025. Hackers associated with the North Korean Lazarus group used Dex in the launder of nearly $ 100 million worth of ether. This is one of a spate of $ 1.5 billion robbery intended to target Bybit, a rival crypto exchange.
Excessive 8% of the raised crypto was moved to the OKX decentralized exchange, Ben Zhou's chief executive officer said Ben Zhou. The laundering process is played using OKX's web3 proxy contracts, which can make transactions with blockchain services anonymously.
As regulators began to investigate throughout Europe, the exchange stopped DEX services overnight on March 18, 2025. It then cooperated with compliance professionals to comb through its weaknesses and update its systems.
Today, the company claims the upgraded Dex Aggregator has added online abuse protection, immediate IP prohibition, and real-time blacklist review. The weakening -suspected activity is monitored and closes in seconds, while the addresses of the purse connected to the hacks will automatically be able to blacklist. The platform is integrated with AML software outside of Japan as well.
Authorities target OKX for a set of compliance failures
The Lazarus Group incident is not just thing There is that Bedeviled Okx this year. In April 2025, the Malta (FIAU) intelligence analysis unit imposed a fine of € 1.1 million in the European branch of OKX, Okcoin Europe.
The fine followed a quarterly audit from 2013 who found insufficient checks on coins in privacy, stablecoins, and transactions to virtual service providers. The regulators Says That OKX failed to identify and ease the risks of funds outside the European Union.
The US Department of Justice (DOJ) started action in February 2025. OKX agreed to pay $ 505 million to resolve accusations that it ran an unlicensed business that sends money. Billions of dollars flow without enough checks, US officials said.
These are the following in-breaches will put more heat in OKX to overhabit its systems and re -imagine the global AML process.
In the middle of the debate came the word that the company would follow EU MICA regulations closer. The exchange obtains a regulation license in Malta, where it plans to register, a major stop on the road to operate legal in Europe.
Experts will laud the real-time OKX discovery system as a major development
The Return of OKX is under a thorough investigation into the crypto industry. However, many experts believe that the introduction of the real-time discovery system marks significant development. They noted that the move sets a new bar for decentralized exchange platforms, proving that the exchanges can continue to offer web3 services while maintaining criminals.
But some experts are cautious that there is a lot of work to do. Lazarus and other hacking groups are still focusing on decentralized tools, which prevent ease of monitoring with centralized exchanges. Others are afraid that even the best discovery systems are not enough to avoid future abuse.
Meanwhile, Okx is moving forward. The exchange recently rolls new US services, such as a single trading platform and a web3 wallet. It also established an office at the West Coast in San Jose, Calif., And named former Barclays executive Roshan Robert CEO of its US unit.
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