Popular crypto exchange, OKX is set to relaunch its decentralized exchange (DEX) aggregator after shutting it down in March 2025. The founder and CEO of the platform, Star Xu confirmed the development on Monday through a post on his official X page.
According to Xu, the DEX will go live with new security features including a real-time malicious use detector and blocking system. With that, the executive said the platform would become unusable for bad actors.
Recall that on March 17, OKX announced the closure of the DEX aggregator after discovering an attempt to use the platform by the notorious North Korean hacker syndicate, Lazarus Group. According to Binbits, the exchange took the decision after consulting key regulators, while preventing the misuse of the platform by the group.
Similarly, the exchange established that the suspension of the DEX service would enable the project team to boost the security setup of the aggregator. Meanwhile, the closure surfaced after the Lazarus group stole $1.5 billion from Bybit, surpassing the entire $1.3 billion the hackers stole from cryptocurrency projects in 2024.
Newly added features to OKX Web3
More so, the latest upgrade from OKX will enable the DEX to spot suspicious onchain activity from hackers. The exchange said with its dynamic database of fraudulent addresses, the DEX will warn users about dangerous transactions and proactively block bad actors.
Emphasizing the safety of the new version, OKX revealed how prominent blockchain security firms like CertiK, Hacken, and SlowMist have audited and verified the DEX. Further, the company disclosed that the verification emanated through a bounty program that also birthed the testing of the platform’s infrastructure.
Likewise, the cryptocurrency exchange unveiled a new feature that categorizes users based on the size of their portfolio. Xu in a statement described the OKX web3 as a browser and search engine for blockchain.
Side notes
Recently, OKX reentered the US crypto market after reaching a $505 million agreement with the Department of Justice. Upon its return, the exchange appointed former Barclays director Roshan Robert as its US CEO.
Additionally, the move underlines the ongoing expansion effort by the cryptocurrency exchange. In January, Binbits reported that OKX secured a pre-authorization under the Markets in Crypto Assets (MiCA) regulation.
By that, the Seychelles based exchange aims to establish its presence in the European crypto markets. In the report, OKX seeks to attain full approval that will enable it to offer virtual assets services like spot trading, OTC trading, and other products related to the platform to more than 400 million Europeans.
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