OKX DEX suspended its aggregator trading services early this morning (17th) for a "service upgrade" to address incomplete tag information on blockchain explorers while introducing new security mechanisms.
Upgrade Background and Security Enhancements
According to OKX, this upgrade responds to:
- Recent coordinated media attacks
- Attempted abuse by hacker group Lazarus Group targeting OKX DeFi services
OKX CEO Star outlined newly implemented control measures:
✅ IP blocking for restricted markets
✅ Real-time blacklist address detection
✅ Transaction interception systems
Key Security Features of OKX DEX
Star emphasized these fundamental protections:
- Non-custodial model: Never accesses or stores user private keys
- User-controlled execution: All transactions require personal key signatures
- No transaction capability: OKX Web3 cannot execute trades (similar to Chrome/Google's service-provider role)
"Many leading companies offer similar aggregator services," Star noted. "OKX Web3 enjoys greater industry influence due to strong community support."
Service Suspension Details
During the upgrade:
- Limit orders & cross-chain orders will auto-cancel
- Users can still trade via third-party protocol redirects
- OKX Web3 wallet services remain operational
User funds remain 100% secure throughout the process.
Restoration Timeline
OKX states restoration will occur "based on upgrade progress," with immediate public notification upon completion.
FAQ: Addressing User Concerns
Why wasn't there advance notice about the upgrade?
OKX has not yet responded regarding the lack of pre-announcement.
Will users bear costs for canceled limit orders?
The company hasn't addressed fee responsibility for canceled orders.
👉 Discover how OKX prioritizes DeFi security
Future Industry Collaboration
OKX plans to work with global partners to establish industry-wide control standards, continuing its leadership in Web3 infrastructure development.
Disclaimer: This content provides market information only. All views expressed serve as reference material, not investment advice. Investors should make independent decisions, and neither the author nor BlockCast assumes responsibility for any direct/indirect trading losses.
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