What to know:
- In a twist worthy of a Dostoevskian plot, the crypto exchange OKX has decided to hit the pause button on its decentralized exchange aggregator, all thanks to the watchful eyes of EU regulators who suspect it of being a money-laundering accomplice in the Bybit heist. Oh, the irony! 💰
- OKX’s higher-ups, including the ever-eloquent President Hong Fang, have vehemently denied these allegations, branding them as nothing more than a web of deceit spun by those who misunderstand their noble intentions. “We are the good guys!” they proclaim, as if in a tragicomedy. 🎭
- In a bid to restore their tarnished reputation, OKX has decided to pause its DEX aggregator, embarking on a journey of self-improvement through new tagging and security upgrades. Because nothing says “trust us” like a little bit of digital housecleaning! 🧹
In a dramatic turn of events, OKX has temporarily suspended its decentralized exchange aggregator, following the EU’s scrutiny over its alleged role in laundering funds for North Korea, who apparently has a knack for hacking crypto exchanges. Who knew? 🤷♂️
Bloomberg, in a report that sent shockwaves through the crypto community on March 11, revealed that EU regulators were investigating OKX’s Web3 services. Naturally, this prompted President Hong Fang and her team to leap into action, denouncing the report as misleading. “We are not the villains here!” they insist, as if they were characters in a Dostoevsky novel, grappling with their moral dilemmas. 📖
“I’m deeply disappointed that when we try to help our industry get safer, those we have helped send misleading information instead and try to create FUD. Regardless of what others do or say, we take our commitment to compliance seriously. We take our commitment to our…”
— hong (@hfangca) March 11, 2025
“We typically don’t respond to false claims and misinformation. Despite our best efforts to help Bybit actively by directing resources towards them, they appear to be citing misinformation on X and with journalists. We spoke to Bloomberg today and provided our statement…”
— Haider (@Haider) March 11, 2025
“We are addressing a tagging issue with explorers that highlights OKX DEX aggregator as the destination of trades when in fact, OKX DEX aggregator just looks for the best price to execute the order, and then the final order/trade is placed on one of the DEXs our aggregator connects to,” a spokesperson for OKX explained in a Telegram message, as if trying to convince a skeptical audience of their innocence. 🕵️♂️
After consulting with regulators, they took the bold step of pausing their DEX aggregator to implement new tagging and security upgrades. Because, of course, nothing screams “we’re trustworthy” like a little digital renovation! 🛠️
“This decision ensures the transparency of how our software and systems work, along with the safety of our platform and users,” they continued, as if reciting a mantra in a desperate attempt to regain the trust of the masses. 🙏
Read More
- Best Crosshair Codes for Fragpunk
- Monster Hunter Wilds Character Design Codes – Ultimate Collection
- Enigma Of Sepia Tier List & Reroll Guide
- Hollow Era Private Server Codes [RELEASE]
- Wuthering Waves: How to Unlock the Reyes Ruins
- FARTCOIN PREDICTION. FARTCOIN cryptocurrency
- Ultimate Tales of Wind Radiant Rebirth Tier List
- Best Crossbow Build in Kingdom Come Deliverance 2
- Best Jotunnslayer Hordes of Hel Character Builds
- Skull and Bones Timed Out: Players Frustrated by PSN Issues
2025-03-17 09:30