OKX has launched a new wrapped Bitcoin asset, dubbed xBTC, alongside yield-generating products tied to the token. The move comes as Bitcoin soars to a fresh all-time high, crossing the $111,000 mark. According to the announcement, xBTC maintains a 1:1 peg with Bitcoin and is designed to enhance cross-chain liquidity ...
OKX has relaunched its decentralized exchange (DEX) aggregator, OKX Web3, following a temporary shutdown in March that aimed to halt exploitation by the North Korean-linked hacking group Lazarus. OKX founder and CEO Star Xu announced the platform's return, emphasizing that the relaunch comes with significant security upgrades. Chief among them ...
Haedal Protocol, a liquid staking platform built on the Sui blockchain, surged by as much as 50% on May 2, 2025, ahead of its scheduled listing on South Korea’s major crypto exchange, Bithumb. During Asia's morning trading, the HAEDAL token rallied to an intraday high of $0.174, marking a dramatic ...
Global crypto exchange OKX has officially returned to the United States market, unveiling a revamped trading platform, a new self-custody Web3 wallet, and a fresh leadership slate—just months after settling a $500 million case with the U.S. Department of Justice. The company’s comeback, announced via press release on Monday, includes ...
Major crypto exchanges, including Binance and OKX, have responded to the recent OM price crash, assuring users that they are investigating the situation and will provide updates on their findings. On April 14, a day after the Mantra token’s market cap lost $5.5 billion due to market volatility, Binance addressed ...
Malta's Financial Intelligence Analysis Unit (FIAU) has fined OKX €1.1 million ($1.2 million) for anti-money laundering (AML) compliance failures, marking one of the most significant penalties in the cryptocurrency sector. The fine stems from an April 2023 investigation that revealed deficiencies in OKX’s risk assessment processes and its ability to ...
OKX Web3 product manager Kyle Chen on March 24 issued an apology to users, acknowledging that he had announced the wallet app’s availability "too early." He explained that the app is not yet accessible on some devices and in certain regions. Despite the clarification, Chen did not specify which regions ...
OKX has temporarily suspended its DEX aggregator services following attempted misuse by North Korea’s Lazarus Group, a notorious hacking collective behind the $1.5 billion Bybit hack. In a March 17 statement, the exchange said the decision was made proactively after consulting regulators. OKX cited security concerns over the group’s coordinated ...
OKX has taken a significant step in its European expansion by acquiring a Markets in Financial Instruments Directive (MiFID II) license, which, upon regulatory approval, will enable the platform to launch derivative products and services for institutional clients across the region, according to the press release. On March 12, during ...
Aux Cayes FinTech Co. Ltd, the operator of cryptocurrency exchange OKX, has acknowledged running an unlicensed money-transmitting business, breaching U.S. Anti-Money Laundering laws. As a part of a settlement with the U.S. Department of Justice, the company will pay over $500 million in penalties and forfeited earnings. The Seychelles-based firm ...
