OKX announced suspending its decentralized finance (DeFi) service following "media attacks" and EU regulatory scrutiny.
The company detected a coordinated effort by Lazarus group to misuse its DeFi services and noticed an increase in competitive attacks.
OKX's DeFi service drew attention from EU regulators and the company made the proactive decision to temporarily suspend its DEX aggregator services.
The ongoing EU investigation into OKX for allegedly laundering $100 million from the Bybit hack raises concerns about regulatory oversight and compliance.