TechFlow news, on March 12, OKX's official X account stated: "The Bloomberg article is misleading. Like all other major cryptocurrency exchanges, OKX provides self-custody wallet services/exchange functionality that acts as an aggregator to create efficiency for users. When Bybit was hacked, we took two actions:
(1) We froze the relevant funds transferred to our CEX;
(2) We developed a new feature to detect and block hacker addresses from using our DEX or wallet services.
Unfortunately, Bybit's statement has spread misinformation among journalists. We would like to clarify to the community:
(1) OKX is not under investigation;
(2) This is merely an example of Bybit's lack of security expertise;
(3) Our web3 wallet service is no different from those offered by other industry participants.
We will continue to assist Bybit in strengthening the industry. However, we categorically reject Bybit's false statements, which have led to misunderstandings about our role during the serious security breach incident at their exchange."
