Analyzing the Reasons Behind OKX DEX's Suspension of Services in Response to MiCA Regulations
Author | Chu Yan Translated by GPT and may contain errors. Please refer to the original article . Recently, the cryptocurrency exchange Bybit was involved in the largest theft in the crypto industry, with North Korean hackers stealing approximately $1.4 billion in cryptocurrency from Bybit's cold wallet. According to information disclosed by Bybit CEO @benbybit on X, the hackers converted the majority of the stolen ETH into BTC via THORChain, with around 16% of the illicit funds transferred to ExCH and another 8% exchanged through the OKX Web3 proxy contract. Picture: Bybit Hacking and Money Laundering Chain Link (Source: LazarusBounty) Following this incident, Bloomberg reported that European cryptocurrency regulators are investigating the usage of OKX wallet services by the hackers to mix and exchange the stolen funds. Today, OKX announced through an official statement that it has proactively decided to temporarily suspend its DEX aggregator service after consulting with regulato...