Major Security Overhaul: OKX Upgrades DEX Aggregator with Real-Time Abuse Detection

In today's article, Coinmooner will explain how OKX has implemented significant changes to improve the security level of its decentralized exchange (DEX) aggregator significantly. The service was suspended in March after the hacker group Lazarus used it to launder stolen assets from the cryptocurrency exchange Bybit. Since then, OKX has decided to update the system by adding several new features and enhancing protection against external threats, which helps restore user trust and strengthen its position in the industry.

The DEX aggregator, which helps users gather data from various decentralized exchanges and market makers to improve trading, has been significantly improved. OKX’s founder and CEO, Star Xu, shared on X that the system now includes real-time abuse detection and blocking features, and the aggregator itself has become a sort of Web3 browser and search engine for the blockchain. This feature allows users to monitor and analyze data in real time, making the trading process more convenient and secure. OKX continues to develop its service, providing greater transparency and ease for all participants in the ecosystem.

OKX DEX Aggregator Becomes Blockchain’s Most Secure Search Engine and Trading Tool

This update includes extra security measures, such as a dynamic database for blocking suspicious addresses and a proactive alert system for risky transactions. These measures help quickly respond to potential threats and prevent fraud attempts. OKX collaborates with cybersecurity companies like CertiK, Hacken, and SlowMist. It regularly tests its infrastructure through an internal bug bounty program, which helps further improve the security system.

One of the new features is on-chain analysis, which classifies wallet owners and helps identify major holders and snipers, i.e., users who use automated solutions to purchase assets on DEXs instantly and then quickly sell them. This feature makes the trading process more transparent and secure, helping track suspicious activities and prevent market manipulation. Together, this creates a safer and more stable ecosystem for OKX users.

We also want to remind our readers that in the Web3 industry, it’s crucial to use the most advanced protection methods to ensure the security of your finances. With constantly growing threats and new fraud techniques, users need to be especially cautious and monitor the adoption of best practices for protecting their assets to minimize the risk of losing funds and ensure peace of mind in the digital world.