To our community and beyond, we want to address some of the recent developments surrounding OKX Web3. Over the past few days, we've faced targeted media attacks questioning our integrity and operations. While we usually stay focused on building and protecting the industry, we can't ignore the fact that these attacks are happening at a time when we are actively fighting against financial crime.
Recently, we detected a coordinated effort by Lazarus group to misuse our defi services. At the same time, we've noticed an increase in competitive attacks aiming to undermine our work.
Rather than shy away, we chose to take decisive action.
After consulting with regulators, we made the proactive decision to temporarily suspend our DEX aggregator services. This move allows us to implement additional upgrades to prevent further misuse. We know that transparency is key, so we're also working closely with blockchain explorers to correct incomplete labeling. Our goal is to ensure that explorers properly highlight the actual DEX processing trades rather than mistakenly identifying our aggregator as the point of trade.
Beyond that, we've already rolled out:
A hacker address detection system for its Web3 DEX aggregator, which was launched a few days ago.
A system to track the hacker's latest addresses and block them in the CEX system in real-time.
The measures reflect our ongoing efforts to stay ahead of malicious actors and protect our customers.
One thing we want to make absolutely clear: OKX Web3 is a DEX aggregator, not a custodian of customer assets. Our role is to provide access to liquidity across multiple protocols, offering users the most efficient peer-to-peer trading experience possible. Despite this, some have deliberately misrepresented our platform, undermining not just OKX Web3 but also the broader industry and regulatory conversations.
Trust is everything in this space. That's why we remain committed to tightening safeguards, ensuring transparency, and upholding regulatory standards. We urge our community to see these attacks for what they really are - deliberate attempts to mischaracterize our role and the value we bring to the ecosystem.
We will continue to innovate, protect our customers, and advocate for a more transparent and responsible digital asset space.
Thank you for standing with us. More updates to come soon!
Digital assets, including stablecoins, involve a high degree of risk and can fluctuate greatly. You should carefully consider whether trading or holding digital assets is suitable for you in light of your financial condition and risk tolerance. OKX does not provide investment or asset recommendations. You are solely responsible for your investment decisions, and OKX is not responsible for any potential losses. Past performance is not indicative of future results. Please consult your legal/tax/investment professional for questions about your specific circumstances. OKX Web3 features, including OKX Web3 Wallet and OKX NFT Marketplace, are subject to separate terms of service at www.okx.com.
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