In the latest announcement, the OKX Web3 team disclosed their recent initiatives to maintain platform security and combat financial crime.

Background of the Lazarus Group

The Lazarus Group is a notorious hacking organization that has long been accused of large-scale cyberattacks and financial crimes. Their targets span the globe, from banking systems to cryptocurrency exchanges, as well as government agencies and private enterprises. They employ sophisticated techniques, including malware, phishing, and other forms of cyber deception to infiltrate targets. Once access is gained, they can steal sensitive data or funds, particularly in cryptocurrency exchanges where the anonymity of transactions may obscure their activities.

OKX Web3's Response Measures

In the face of the Lazarus Group, OKX Web3 has taken several proactive measures:

Suspension of DEX Aggregator Services: After consulting with regulatory authorities, OKX proactively decided to temporarily suspend DEX aggregator services to implement additional upgrades to prevent further abuse.

Collaboration with Blockchain Explorers: OKX is closely collaborating with blockchain explorers to correct incomplete labels, ensuring that the explorers accurately display the actual DEX transaction processing status rather than incorrectly identifying OKX's aggregator as a trading point.

Launch of Hacker Address Detection System: OKX has launched a hacker address detection system for its Web3 DEX aggregator, as well as a system to track hacker addresses and block them in real-time within the CEX system. These measures reflect OKX's ongoing efforts to guard against malicious actors and protect customers.

Transparency and Accountability

OKX emphasizes that as a DEX aggregator, they are not custodians of customer assets but provide liquidity access across multiple protocols, offering users an efficient peer-to-peer trading experience. Nevertheless, some media have distorted reports about their platform, damaging the reputation of OKX Web3 and the broader industry and regulatory dialogue. OKX stated that it will continue to strengthen safeguards, ensure transparency, and uphold regulatory standards, advocating for a more transparent and responsible digital asset space.

Community Support and Future Outlook

OKX calls on the community to recognize the true nature of these attacks and support the platform's ongoing efforts. They stated that they will continue to innovate, protect customers, and promote transparency and accountability in the digital asset space. More updates will be released to ensure the community is informed of the latest developments and measures.

Here are some views from authoritative media and well-known opinion leaders (KOLs) on this matter:

Media Reports and Analysis

• Bitpush: Bitpush reported on OKX's suspension of DEX aggregator trading services, noting that this move is to facilitate service upgrades, and related limit orders and cross-chain orders will be automatically canceled, with the specific resumption time to be determined based on the progress of the upgrades.
• PANews: PANews mentioned in its Telegram channel that OKX's DEX aggregator has been deployed to Linea, allowing users to use the Linea native cross-chain bridge to transfer assets to Linea and utilize related services.
• Foresight News: Foresight News reported on the positioning of the OKX Web3 wallet as purely self-custodial software and noted that OKX DEX is a DEX aggregator. The report also highlighted that OKX emphasizes the compliance of its Web3 services, denying previous reports about an investigation by EU regulatory authorities.

Views from Well-Known Opinion Leaders (KOLs)

• Sats' Luosifen: This KOL posted on Binance Square, emphasizing that OKX firmly responded to Bybit's accusations, categorically denying that the EU is reviewing them due to hacking incidents. He pointed out that Bloomberg's related reports are misleading, and OKX is clarifying its Web3 services.
• UPUP: The UPUP website reported that the DEX aggregator Jupiter on Solana announced the opening of its first round of airdrops, mentioning that the project aims to capture the Web3.0 market through technological innovation and user experience.

Conclusion

In the current complex cybersecurity environment, OKX Web3 demonstrates its determination and capability to tackle challenges. Through proactive measures and a commitment to transparency, they are dedicated to providing users with secure and reliable services. The support and trust of the community will be their driving force to jointly build a safer and more responsible digital asset ecosystem.

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