Following the suspension of aggregator trading services on OKX DEX, some trading bots faced occasional failures. This issue was reported by the community after the trading service suspension.
The community feedback reported to the crypto exchange, OKX, that some trading bots connected to its DEX’s API faced occasional failures, particularly in transactions on EVM chains like BSC and ETH.
OKX Suspends Aggregator Trading Service
OKX officially announced that the trading service suspension was due to a service upgrade, causing related limit orders and cross-chain orders to be automatically canceled.
In a statement, OKX addressed recent developments, stating they have faced targeted media attacks questioning their integrity. The platform revealed that while fighting financial crime, it detected an effort by the Lazarus group to misuse its DeFi services. Additionally, the platform alleged that competitive attacks have aimed to undermine OKX’s work.
In response, OKX decided to temporarily suspend its DEX aggregator services to implement upgrades and prevent further misuse. They are also collaborating 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.
OKX emphasized that it is a DEX aggregator, not a custodian of customer assets, and condemned misrepresentations of its role. The upgrade’s completion timeline will be shared once available. During this period, OKX users can still trade using third-party protocols, and other services within the OKX Web3 wallet remain unaffected. OKX also stated that while wallet services will continue for all users, new wallet creation will be paused in select markets.
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