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OKX Exchange To Resume Operations Today With These Upgrades
By: bitcoin ethereum news|2025/05/05 16:30:02
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OKX Exchange:- The decentralized exchange (DEX) of OKX temporarily haulted its operations in March after being linked to Korea’s Lazarus group. Now, in a significant update coming from the OKX CEO Star Xu, it is restarting its DEX operations today. After over a month halt, the OKX Exchange is relaunching its DEX on standalone Wallet Web and Mobile apps. The resumption is also introducing significant upgrades to bolster the security and efficiency of its platform. Following the Lazarus Group abuse, it is adding real-time abuse detection, address risk classification, and alerts for suspicious wallets. OKX CEO made the announcement while calling OKX Web3 as the “chrome and search engine to blockchain”. OKX DEX will restart today with realtime abuse detecting and blocking system. OKX Web3 is Chrome and search engine to blockchain. Base on our understanding of onchain data, we help customers access to hundreds chains realtime data, manage multiple chains’ asset and engage with... — Star (@star_okx) May 5, 2025 What’s New in Relaunched OKX Exchange OKX Exchange halted its operations on March 17 after the leading crypto exchange got involved in the unpopular $1.4 billion Bybit Hack case. A Bloomberg report highlighted that its DEX and wallet services were allegedly involved in a money‐laundering investigation by European crypto regulators. OKX had called the report “misleading” but halted its DEX operations “temporarily”. Now in its resumed DEX, it has bought in new features. This includes: 1. Real-time Market Analysis – The revamped trading dashboard of OKX Exchange now brings in enhanced AI insights to track trading volumes and trends. This also includes a newly bought in feature of On-chain analysis tool. It will categorise wallet holders into snipers, smart money or whales. This means that wallet addresses will be classified into categories like snipers (those who rapidly buy new tokens), whales (holders of large token amounts), and smart money (addresses linked to profitable or informed trades). This would help users assess the risk or reliability of counterparties when interacting with wallets during DeFi trades. Prior to the March 17 pause, OKX’s DEX aggregator focused purely on best‐price routing across liquidity sources. It didn’t include any on‐chain “wallet tagging” or user‐risk classification. Also Read: Trump Signals Lower Tariff Other New Features 2. Smart money tracking:- OKX Exchange has also integrated Smart Money Leaderboard to allow users to follow and track the 100 wallets of top traders. 3. Easy Mode and Meme Mode – Part of the new trading tools, users can now easily switch between easy mode and meme mode on OKX DEX. For beginners, the newly introduced Easy Mode simplifies the trading process with a user-friendly interface and minimal steps. Meanwhile, Meme Mode is tailored for the fast-paced memecoin community. It offers rapid trade execution and customizable settings for high-frequency, repetitive trades. The OKX Exchange clarified that “With this latest upgrade, we’ve taken steps to introduce new security measures to identify suspicious or fraudulent onchain activity. ” Related: OKX Launches Pay Wallet Renewed Commitment to Security Post-Lazarus While making the announcement, OKX Exchange also reaffirmed its security commitment. It highlighted that it has received verification and completed audit from leading firms such as Certik, Hacken and SlowMist. Our dynamic database of suspect addresses blocks hackers and bad actors real-time, while proactive alerts warn you about risky transactions, the OKX exchange said in a May 5 upgrades announcement. Interestringly, a couple of brand‐new DEXes have launched in the window between OKX’s March 17 pause and its May 5 relaunch. The Sychelles-based crypto exchange Bitget launched its Super DEX as soon as OKX DEX halted its services. While not a standalone DEX, the 1inch aggregator also officially went live on Solana on April 29. It added cross‐chain swap routing into its existing DEX‐aggregator service. Thus, it remains to be seen how the OKX Exchange relaunch will be received by its users and market competitors. Also Read: Maldives Plans $9 Billion Blockchain Hub Disclaimer: The content may include the personal opinion of the author and is subject to market conditions. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss. Source: https://coingape.com/brandtalk/pulse/okx-exchange-to-resume-operations-today-with-these-upgrades/
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