The exchange OKX has halted its DeFi services

The cryptocurrency exchange OKX has temporarily suspended its decentralized finance (DeFi) services, which were being used by hackers to launder assets stolen from the Bybit platform. This was reported by the platform's press service.

This decision was made after hackers from the Lazarus Group attempted to use DeFi services to launder the money stolen from Bybit, as well as media attacks from competitors criminalizing the exchange's operational activities. Previously, Bybit CEO Ben Zhou reported the loss of 40,233 ETH, approximately $100 million, which the scammers managed to launder through OKX's DeFi services.

"After consultations with the European Union's regulatory bodies, we made a preemptive decision to suspend our DEX aggregator services. This step will allow us to implement additional updates to prevent misuse," the exchange said in a statement.

Earlier, crypto detective ZachXBT reported that as a result of the hacking, the cryptocurrency exchange Bybit lost over $1.46 billion from its accounts. The platform's CEO, Ben Zhou, confirmed the information about the exchange breach.