Crypto exchange OKX shuts down tool used by North Korean hackers to launder stolen funds
The Seychelles-based cryptocurrency exchange OKX is temporarily shutting down a popular tool after discovering North Korean hackers were attempting to use it to launder funds stolen from other platforms.
OKX published a notice on Sunday claiming it had detected a coordinated effort by the Lazarus Group, one of North Korea’s most prolific hacking outfits, to misuse its decentralized finance (DeFi) services.
“After consulting with regulators, we made the proactive decision to temporarily suspend our [decentralized exchange] aggregator services,” the company said. “This move allows us to implement additional upgrades to prevent further misuse.”
In another message on social media, the company claimed the efforts by Lazarus…
