Is Africa on the cusp of a crypto renaissance, or are we doomed to repeat history and face another crypto calamity? The recent saga involving OKX, its DEX aggregator, and the infamous Lazarus Group has thrown a harsh spotlight on the promise and peril of decentralized finance (DeFi) in Africa....
OKX is making its return to the DEX aggregator scene following a Lazarus Group-generated absence. They’ve touted their new security features designed to prevent the bad guys from getting in. Are these measures the equivalent of the Maginot Line – impressive in theory but simple to circumvent in practice? Or,...
Now, the European Union financial watchdogs are looking at OKX with beady eyes. They are probing the platform for its possible role in laundering stolen money related to the $1.4 billion Bybit hack that occurred in February. This criminal investigation and these allegations first came to the public’s attention in...
Following a security incident involving the Lazarus Group, OKX has undertaken a significant overhaul of its decentralized exchange (DEX) operations. This revamp involves more than a projected $1.6 billion in tech upgrades—it’s a deliberate change in governance and creative risk management. Navigating the often-treacherous waters of DeFi is intimidating for...