I was wondering why the Ok wallet's dex couldn't be used this morning, and it turns out it's really due to regulatory pressure caused by the Bybit hacker laundering money, leading OKx to actively pause for upgrades.
Reading between the lines of the announcement, @okxchinese is almost revealing @Bybit_Official's ID number, indicating that this incident is quite significant and a grudge has definitely been formed.
At that time, I was just a bystander watching OKx criticize Bybit for causing trouble, but after a couple of days, it really affected daily operations. Will we really have to KYC and report taxes for Dex in the future? That would truly make decentralization a joke.
Right now, we don't know how long the pause will last, but Swap is the core of core functions. If it lasts too long, it would really provide an opportunity for other wallets to rise up.
@BinanceWallet, are you able to handle the massive traffic that's coming your way?