Ethereum

DeFi

ZachXBT

Security

<p style="text-align: justify">You can also read this news on BH NEWS: <a href="https://en.bitcoinhaber.net/okx-halts-defi-services-due-to-security-issues" data-wpel-link="internal">OKX Halts DeFi Services Due to Security Issues</a><br></p>
<p style="text-align: justify">In a recent move, the cryptocurrency exchange OKX has temporarily halted its decentralized finance (DeFi) services following consultations with regulatory bodies. This pause comes as users were actively utilizing the platform to find optimal transaction prices across various avenues.</p> 
<h2 id="how-did-the-bybit-hack-influence-okx">How Did the Bybit Hack Influence OKX?</h2> 
<p style="text-align: justify">A significant cyberattack on the Bybit exchange last month led to the theft of Ethereum and Lido Staked Ether valued at approximately $1.4 billion. On-chain analyst ZachXBT suggested that this cyber incident is potentially linked to the infamous North Korean Lazarus Group.</p> 
<h2 id="what-security-steps-are-being-taken">What Security Steps Are Being Taken?</h2> 
<p style="text-align: justify">In light of the Lazarus Group’s attempts to exploit DeFi services, OKX is rolling out enhanced security measures. The exchange is collaborating with blockchain research organizations to restore its reputation and secure its operations.</p> 
<ul> 
 <li>OKX has introduced a hacker address detection system for its new <a href="https://en.bitcoinhaber.net/buterin-urges-wallet-developers-to-enhance-security" data-wpel-link="internal">Web3</a> DEX aggregator.</li> 
 <li>Real-time monitoring systems will be implemented to block any new addresses associated with attacks.</li> 
 <li>Continuous efforts are in place to ensure that customer assets remain protected and secure.</li> 
</ul> 
<p style="text-align: justify">OKX stressed the importance of distinguishing between customer asset security and the safety of decentralized platforms, asserting that their proactive approach is pivotal in preventing misuse. Following the service’s temporary suspension, the exchange remains dedicated to mitigating the effects of cyber threats through regulatory assessments and implementing robust security updates. These actions aim to safeguard the integrity of the cryptocurrency market.</p> 
<h5><span style="font-weight:bold;font-size:16px">Continue Reading: </span> <a href="https://en.bitcoinhaber.net/okx-halts-defi-services-due-to-security-issues" data-wpel-link="internal">OKX Halts DeFi Services Due to Security Issues</a></h5>

OKX Halts DeFi Services Due to Security Issues

Table of Contents

BH NEWS

Other articles published on Mar 19, 2025

Volatility Shares launching Solana futures ETFs March 20

RWA boom is inevitable, but BSC sell-offs expose crypto risks: pro

Best Cryptos to Join for Long Term: Qubetics Hits 23,400+ Holders as Cardano and Filecoin Price P...

Bitnomial Exchange to Withdraw Lawsuit Against SEC as XRP Futures Launch Nears

Crypto ETF 2.0: How Meme Coins Are Driving the Institutionalization Trend of ETFs Following BTC

Whales Take Notice of This New Crypto Priced at $0.02 as It Targets a 1,500% Surge

Join our free newsletter for daily crypto updates!