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OKX Suspends DeFi Service Following “Media Attacks” And EU Regulatory Scrutiny

  • 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.

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