OKX DEX, the decentralized exchange, has officially resumed trading services after the completion of a significant system upgrade aimed at enhancing security, trading efficiency, and user experience.
OKX DEX is Back After Security Upgrade
In a statement released today, the company confirmed that the upgrade has strengthened its blacklist protocols, improved risk detection mechanisms, and added real-time anti-abuse systems created to proactively track malicious activity and safeguard user assets.
As part of the upgrade, the OKX Wallet has also been redesigned to work as a comprehensive trading hub, which offers optimized market discovery tools and streamlined access to trading chances. The wallet now provides support to over 130 blockchains. On the other hand, the DEX aggregator integrates with more than 25 cross-chain bridges, over 40 blockchains, and 400 decentralized exchanges, covering upwards of 300,000 cryptos. Additional features include meme token mode, limit orders, Know-Your-Transaction (KYT) detection, and MEV protection.
OKX CEO Star commented on the relaunch via social media, emphasizing the platform’s commitment to transparency and security. “OKX DEX will resume today with real-time anti-abuse detection and blocking systems,” he wrote. “OKX Web3 is the Chrome browser and search engine connecting to the blockchain. Our platform enables users to access and interact with real-time data from hundreds of blockchains and thousands of dApps, while managing assets across multiple chains.”
The resumption of services follows a temporary suspension in March, which came in the middle of growing regulatory scrutiny. At the time, a report revealed that European financial regulators were investigating OKX’s DEX aggregator and wallet services for a possible link to the massive $1.4 billion Bybit hack. In response to these allegations, OKX clarified that its Web3 wallet operates as a non-custodial DEX aggregator, and that allegations stemmed from a misunderstanding of how aggregator swaps function.
In a statement, OKX also stated they have faced targeted media attacks questioning their integrity due to which it decided to temporarily suspend its DEX aggregator services to implement upgrades and prevent further misuse.They also collaborated with blockchain explorers to improve labeling accuracy, and thus, new security measures include a hacker address detection system and real-time tracking to block malicious actors.
During the suspension period, users reported occasional failures in trading bots, especially those using the OKX DEX API for transactions on Ethereum (ETH) and Binance Smart Chain (BSC). Community feedback pushed OKX to fasten upgrades and introduce new security measures, including hacker address detection, real-time tracking, and improved labeling accuracy in collaboration with blockchain firms.
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