
OKX|Mar 11, 2025 15:45
The Bloomberg article is misleading. Like all other major crypto exchanges, OKX provides a self-custody wallet service/swap feature that serves as an aggregator to create efficiency for the users. When Bybit got hacked, we reacted in two ways. (1) We froze associated funds moving into our CEX (2) We developed a new feature to detect/block hackers' addresses from using our DEX or wallet services.
It is unfortunate Bybit's statements are spreading misinformation among journalists. We want to clarify for our community that (1) OKX is not being investigated (2) This is simply a case of Bybit's lack of security know-how (3) Our web3 wallet services are no different than what is offered by other industry players.
We will continue to help Bybit to strengthen the industry. But we absolutely refute the false claims by Bybit that are leading to misinformation about our role in what began as a serious security vulnerability on their exchange.
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