OKX Suspends DEX Aggregator Amid EU Regulatory Scrutiny

OKX has temporarily suspended its decentralized exchange aggregator amid an investigation by EU regulators into its potential use for laundering funds linked to a recent hack of the crypto exchange Bybit.

• The EU is scrutinizing OKX’s Web3 services over allegations of fund laundering from the Bybit hack.
• OKX President Hong Fang described Bloomberg's report as misleading and emphasized the company's commitment to combating financial crime.
• An OKX spokesperson stated the suspension aims to implement new tagging and security upgrades to enhance transparency and safety.