This move allows traders to access Uniswap’s liquidity pools and token pairs while benefiting from reduced transaction costs offered by Layer-2 fees.

Seamless integration with OKX’s X layer

With the launch of X Layer, Uniswap enhances its reach by offering Ethereum-compatible, low-cost transactions. The integration provides users direct access to Uniswap’s markets without incurring additional fees from Uniswap Labs, the company behind the protocol. Users can now trade tokens and participate in liquidity pools with Layer-2 fees, making it an efficient solution for the growing demand for cost-effective decentralized finance (DeFi) services.

X Layer is a network built on Ethereum, designed to improve DeFi operations. The integration with Uniswap marks a significant expansion of the DEX’s presence in low-cost blockchain environments. By offering no additional charges, except for the layer-2 fees, Uniswap aims to improve liquidity and transaction efficiency for its growing user base.

Uniswap’s role in the expanding DeFi landscape

Uniswap’s total value locked (TVL) currently stands at approximately $4.4 billion, confirming its position as the largest decentralized exchange. The partnership with X Layer comes at a time when DeFi is expanding, with more exchanges turning to on-chain activity. According to Hayden Adams, Uniswap Labs’ founder, this collaboration is part of Uniswap’s broader three-phase rollout plan to connect with other DeFi protocols and enhance its infrastructure.

This development also highlights a growing trend in the crypto space where centralized exchanges (CEX) are incorporating more on-chain solutions into their offerings. As seen with Coinbase’s launch of the Base blockchain, exchanges are increasingly recognizing the value of integrating Layer-2 networks to foster more efficient and secure decentralized trading environments.

The rise of layer-2 solutions in the Crypto space

The rise of Layer-2 solutions, such as X Layer and Coinbase’s Base blockchain, is reshaping the DeFi space. Coinbase’s Base has already seen impressive growth, with reports showing that by January 2024, it was responsible for around 80% of Uniswap’s monthly traders. This suggests that the adoption of Layer-2 solutions is accelerating, as they provide lower fees and faster transaction times compared to Ethereum’s mainnet.

Gate.io, another prominent crypto exchange, has also jumped on the Layer-2 bandwagon, launching its Gate Layer in 2025. Built on the OP Stack and secured by GateChain, the Gate Layer also emphasizes on-chain trading and liquidity products. This increasing trend among exchanges to adopt Layer-2 solutions signals a clear move toward more efficient and scalable decentralized finance ecosystems.

Uniswap’s integration into OKX’s X Layer is a strategic move that solidifies the DEX’s dominance in the DeFi space. By providing users with access to its markets without additional fees, Uniswap enhances its liquidity and overall performance. As the crypto landscape continues to evolve, centralized exchanges and Layer-2 networks are playing a crucial role in shaping the future of decentralized trading.

The post Uniswap Becomes the Preferred DEX on OKX’s X Layer first appeared on Coinfea.

The verified blockchain data of SolScan showed that two wallets that received an airdrop of the coins on Thursday, melania-liquidity1.sol and melania-liquidity2.sol, received $784,200 and $454,724 in MET, respectively.

Analysts doubt insider stake

Analysts and investors were quick to attack the airdrop, primarily after it was known that Kelsier Ventures founder Hayden Davis was among the recipients of the airdrop, the company behind the MELANIA coin. One of the people on X wondered what made Davis eligible, as the move was described as unbelievable. Others also accused Meteora of rewarding insiders, as the tokens were transferred via the OKX exchange.

The co-lead of Meteora, called Soju, defended the initiative a few hours prior to the airdrop. According to him, wallets and wallets attached to LIBRA would not be rewarded, and the company had partnered with Detective and Rugcheck to prevent dubious addresses. Even with these guarantees, the discovery of MELANIA-linked wallets among the top recipients has raised new questions about transparency.

Ethical and legal controversies

This airdrop occurs at the same time as a court filing that Meteora co-founder Benjamin Chow and Hayden Davis were involved in a coordinated scheme to scam coins. The filing asserts that they at least filed 15 tokens, such as MELANIA, LIBRA, and ENRON, to rig markets. The lawsuit alleges that the two entered into a celebrity-backed scheme to sell more tokens, and they sold vast quantities of tokens at high prices, resulting in substantial losses for retail investors.

Although Melania Trump is not a defendant, her connection with the token has drawn both political and ethical scrutiny. In early 2021, shortly after the launch of the meme coin by President Donald Trump, the MELANIA coin briefly hit a $7 billion market capitalization, before crashing by 99 percent to settle around $80 million.

Airdrop response and the effect on the market

Many participants of the airdrop, despite the backlash, commended the distribution process and the payout amount by Meteor. According to CoinGecko, MET is currently the 269th-largest company in the world by market capitalization, having a market value of 263.2 million. However, according to reports by Arkham Intelligence, three wallets connected to the Trump meme coin network had nearly 4.2 million MET deposited into them and then transferred the money to OKX.

The event has brought controversy to the issues of fairness and insider access in airdrop events. It has also sparked criticism of projects that exploit the names of political figures to generate profits without their consent.

The Meteor airdrop has mirrored the existing lack of transparency and accountability in the crypto sector. As courts are almost ready to hear lawsuits, and public confidence remains threatened, investors remain uncertain about whether celebrity-related tokens can be conducted ethically in an already volatile market.

The post Crypto Community Outraged as Melania Coin Insider Receives $1.23 Million MET Airdrop first appeared on Coinfea.

BingX and LBank are two additional offshore exchanges blacklisted by the Financial Intelligence Unit of India (FIU-IND) for failing to adhere to anti-money laundering practices. The finance ministry affirmed that the use of such platforms through apps and sites will be closed in India.

Enforcement under the anti-money laundering law

The crackdown occurs as a result of India’s decision to apply its anti-money laundering law to digital asset service providers in 2023. The legislation requires platforms to register with the FIU-IND and report specific details. The 25 targeted exchanges, which traded billions of dollars daily, were flagged for operating outside these rules.

According to authorities, non-compliance was a threat to financial transparency. Enforcement actions have also been taken against several large platforms, including Binance, KuCoin, Coinbase, and OKX, in recent years. Some of the ones that went back into business following registration and fines were removed entirely from the market.

Partial oversight instead of full regulation

The cryptocurrency industry has been advancing at a rapid pace, but India has yet to implement a comprehensive cryptocurrency law. Instead, the government depends on partial oversight, taxation, and compliance requirements. Officials claim that systemic risks are likely to increase under direct regulation and that enforcement may be challenging.

The Reserve Bank of India continues to caution against the mainstreaming of cryptocurrencies. India has a tax rate of 30% on gains and a tax deducted at source of 1% to control activity. These steps have already decreased trading volumes on local exchanges, although the offshore exchanges continue to operate as long as they remain compliant.

Growing adoption despite restrictions

The adoption of cryptos in India is still on the increase despite the tight regulations. It is estimated that there are approximately $4.5 billion of Indian investors’ digital assets. Chainalysis has been declaring India to be the largest nation in crypto adoption over the past three years, both in terms of retail and institutional activity, as well as DeFi participation.

On-chain activity increased by almost 70% between June 2024 and June 2025, reaching a transaction volume of $2.36 trillion in the Asia-Pacific region. Japan also registered a high growth rate of 120%, which was driven by reforms and increased investor involvement.

The Indian government is considering additional plans to enhance cross-border surveillance. It aims to adopt the OECD’s Crypto Asset Reporting Framework by 2027 and sign the Multilateral Competent Authority Agreement by 2026. The system will monitor the holdings of Indian investors on foreign platforms and require them to report their trades. Experts caution that the framework can be applied retroactively, which would subject any past undeclared gains to enforcement.

Global exchanges continue to regard India as a crucial market for growth, despite the challenges. The high presence of large-scale retail, integration of fintechs, and high remittance rates make the country central to the entire cryptocurrency landscape.

The post India cracks down on $9B offshore crypto exchanges in latest enforcement drive first appeared on Coinfea.

The service, named OKX Pay, is compatible with Tether USDT and Circle USDC, a step in the right direction toward widespread adoption of digital payment tokens in Singapore.

Stablecoin transactions through StraitsX

The new service is powered by StraitsX, which is a regulated payment provider in Singapore. Upon payment by customers through the USDT or the USDC, the stablecoins will be converted into the StraitsX XSGD token first. XSGD is further traded for Singapore dollars, which are then paid to the merchant. All transactions are conducted through the purpose-bound money system in the country, ensuring compliance and programmability in the transfers.

StraitsX is also responsible for compliance verification and real-time payment validation. Its XSGD token is already integrated with Alipay+ and Grab, and is connected to wallets such as GCash, KakaoPay, and Touch ‘n Go. StraitsX CEO Tianwei Liu wrote that the launch was a prototype of how stablecoins might facilitate international commerce in the future.

Expanding digital currency use

In 2023, OKX Singapore was given a payment license by the Monetary Authority of Singapore. The firm now intends to integrate stablecoin payments into everyday expenditure, leveraging its regulatory stance. CEO Gracie Lin stated that the service would introduce digital payment tokens to real life, whether for buying small items or dinner.

The partners will also introduce additional retail and dining merchants. They hope that in the long run, they will be able to increase the list of supported stablecoins and digital currencies. Singapore, known for its mature fintech ecosystem, has the opportunity to capture a portion of the global stablecoin financing market, valued at $ 297 billion, according to DeFiLlama data.

Regional competition and regulatory focus

In early 2024, GrabPay began accepting digital assets, allowing top-ups made via Bitcoin, Ether, USDT, USDC, and XSGD through a partnership with Triple-A. That characteristic was subsequently extended to the Philippines. It has also been reported that Grab has been pilot testing a Coinbase-based Web3 wallet, and Coinbase has begun trading XSGD, which places it in direct competition with OKX.

The expansion in the region by OKX is in light of recent regulatory failures. The company had been fined 2.3 million euros in the Netherlands for operating without registration and had previously been fined $ 504 million in the United States.

The compliance-first approach within the company was formed in response to tighter regulations, such as MiCA rules in Europe, according to Hong Fang, President of OKX. She stated that OKX had invested early on in infrastructure, audit, and reporting systems to maintain reliability over the long run, in the context of changing regulations. By focusing on stablecoin settlements through GrabPay, OKX is positioning itself at the crossroads between consumer adoption and regulatory compliance, and is competing with established players in Southeast Asia.

The post OKX Singapore launches stablecoin payments with GrabPay merchants first appeared on Coinfea.

The platform acknowledged that its existing systems have incorrectly labelled some authentic users as high-risk resulting in account restrictions and requests of further personal data.

Compliance Measures and User Monitoring

According to OKX, it has compliance measures such as Know Your Customer (KYC) verifications and transaction surveillance; which help to impede law abidance exercises and guarantee conformity to international laws and regulations. The platform screens user activity against sanctions lists and applies proprietary behavior models and third party databases in measuring risk. The employee version of such checks also exists, and OKX insists on a zero-tolerance policy on misconduct, whether it is disinformation, insider trading, or any action that may cause damage to users.

The exchange said that accounts deemed to have breached may have temporary bans, demands of evidence, or be closed permanently. When the accounts are connected to the sanctioned persons or those that involve terrorism suspicions, the platform will lock the asset of the users. OKX stressed that such efforts are required because of operational security needs and legal requirements.

System Errors and False Positives

As it justified the necessity of its risk controls, the exchange also admitted that false positives are still an issue. The exchange acknowledged that a number of the individuals have ended up being falsely flagged as dangerous and hence their businesses interrupted, as well as demands of sensitive documents. It blamed such mistakes in part to conservative regulatory trends that favor strict user vetting. OKX assured its user that non-involvement in illegal activities would not lead to permanent punishment and privacy right will be exercised during the process.

The platform claimed that it labors to streamline the systems to limit inconveniences and enhance the submission procedure to users brought about by risk alerts. It motivated the users by asking to submit demanded records like address verification, work history, and financial sources records, which should be embraced because then issues will take short time to solve.

User Frustrations and Accusations

Some users indicated their dissatisfaction with the process through which the flagged accounts are managed although the platform assures them of being safe. A user testified on having his account with 10,000 USDT frozen upon being questioned around the same information about his personal and work history severally. He claimed that the process was purposely made cumbersome and criticized OKX of mistreating its compliance checks to chase people away.

The reaction of users indicates that OKX has acted unfairly and regulatory compliance is not seen as sufficient reason to continue its actions; greater accuracy and finally achieved transparency in the risk assessment process can be viewed as the main reason behind the increasing anger of the users.

The post OKX Addresses Locked Funds and Risk Flag Concerns Amid Rising Complaints first appeared on Coinfea.

“We’re glad to be working together on advancing practical user protections at scale. MEV remains a complex challenge for users and developers, and OKX’s integration of Consensys SERVO reflects a strong commitment to user safety and protocol-aligned innovation,” said Consensys chief strategy officer Jason Linehan.

OKX set to increase DEX trading capabilities with Consensys partnership

The partnership was announced at a time when wallet-based DEX activity is rising, mostly inside the Binance ecosystem. Other exchanges without their chain have also been looking to compete while aggregating DEX trades from multiple networks. Binance not only dominates in terms of centralized trading but also wallet-based swaps through decentralized pairs.

The OKX DEX wallet carries around $140M in daily decentralized trades and is one of the most used for token swaps. MetaMask swaps are rare, with just around $7M in daily volumes. Nearly 75K daily traders use the OKX Web3 wallet. Currently, Binance Wallet remains the leading venue due to incentives and point farming, but OKX remains one of the most active hubs to mix centralized and decentralized trading.

OKX also joined the trend of boosting DEX availability to its users, as traders rarely want to wait for a listing. While the OKX DEX has relatively small volumes, the aggregated swaps have been on the rise since the beginning of 2025, as more traders seek direct actions through an intuitive wallet.

OKX and Consensys partners to improve Web3 infrastructure

OKX has been one of the firms driving competition with its native Web3 wallet. The partnership will improve the abilities of MetaMask to aggregate swaps and access the best liquidity pairs. Currently, MetaMask in-wallet swaps are still relatively expensive when using the wallet’s native routing. OKX aggregates over 500 DEXs with response times under 100 ms, tapping all available sources of liquidity.

According to the firms, end users will enjoy expanded access to the DEX will bring deeper liquidity and cross-chain capabilities. “While MetaMask users will immediately benefit from faster and more cost-efficient trading, that’s just the beginning. I’m particularly excited about our work to further enhance and create new experiences across the Linea ecosystem,” OKX ventures founder Jeff Ren said.

He also added that both firms will come together to create a Web3 experience that users can enjoy, removing barriers for old and new traders. OKX will also be one of the first major exchanges to adopt the SERVO technology for MEV protection. MEV bots remain a challenge on multiple networks and Consensys aims to improve the general Web3 infrastructure.

As the DEXs to CEXs ratio stands at 28.4%, OKX and Consensys will be among the first to secure a more intuitive and safe ecosystem. DEX trading has taken over both spot demand and derivatives due to the permissionless access to exchanges and the quick inflow of new trading pairs.

The post OKX and Consensys inks partnership for DEX trading first appeared on Coinfea.

The relaunch follows the platform’s involvement in a $100 million laundering scheme linked to the North Korean Lazarus Group earlier this year.

Star Xu, CEO of OKX, confirmed the restart in a recent post, highlighting the introduction of tools that can detect and block suspicious activity across multiple blockchains. He described OKX Web3 as an essential tool in the crypto space, offering users access to thousands of dApps and cross-chain asset management with added security features.

Platform upgrades follow high-profile laundering case

In March 2025, OKX DEX was tied to one of the most significant laundering operations in crypto history. Around 8% of the stolen funds from a broader $1.5 billion crypto theft were reportedly moved through OKX’s decentralized services. Hackers used OKX’s Web3 proxy contracts to carry out anonymous transactions, raising red flags across the industry.

In response, the company temporarily suspended its DEX services on March 18. It then collaborated with compliance experts to enhance its monitoring systems. OKX has since upgraded its DEX aggregator with tools such as online abuse protection, real-time blacklist integration, IP banning, and instant wallet blacklisting.

Regulatory pressures mount in the wake of compliance failures

The relaunch comes amid mounting regulatory scrutiny. In April 2025, the Financial Intelligence Analysis Unit in Malta fined OKCoin Europe €1.1 million for failing to meet anti-money laundering standards. The audit flagged weak controls around privacy coins and cross-border transactions.

The U.S. Department of Justice also took action against OKX in February. The company agreed to pay $505 million in penalties for running an unlicensed money transmission business. U.S. officials accused OKX of allowing large sums to move through its platform without adequate checks.As part of its response, OKX is aligning with the EU’s MiCA regulatory framework and has obtained a license in Malta to support legal operations across Europe.

Industry reaction to new detection tools

Experts in the crypto space view OKX’s live detection system as a positive step for decentralized security. The live detection system has become a new standard for compliance which supports Web3 accessibility. Further issues persist about the methods by which Lazarus and similar groups will be managed in the future.

The post OKX DEX Restarts Operations with Real-Time Security Measures Following $100M Laundering Scandal first appeared on Coinfea.

Star Xu, the founder of OKX, defended the platform’s position, stressing that requests to freeze assets must follow legal and procedural standards.

The dispute emerged after hackers accessed the official TRON DAO X account and shared a post containing a suspicious contract address. The compromised account reportedly sent direct messages and followed several prominent figures. In the aftermath, Sun publicly asked OKX to freeze the wallet associated with the exploit.

OKX defends legal process

Star Xu stated that OKX follows strict legal requirements before freezing any customer funds. He explained that a request made through a personal X post or verbal communication cannot be considered valid. Xu emphasized that OKX has not received any formal complaint or supporting evidence through its official channels or even in spam folders.

Xu also referred to OKX’s Law Enforcement (LE) cooperation policy, which requires submitting preliminary evidence through proper channels. A freeze may be imposed temporarily if the evidence is compelling. However, extending the freeze demands a valid legal document. He questioned Sun on X, asking why no such request had been submitted.

Sun replied that he would contact Xu privately. Xu reiterated that no formal correspondence had been received, suggesting Sun had not taken the required procedural steps. The incident triggered backlash within the crypto community, with many users criticizing Sun for what they saw as an unprofessional handling of the situation.

Rise in high-profile account breaches

This incident occurs as the number of security breaches targeting X accounts continues to rise throughout the crypto sector. The attack on Kaito AI together with its founder’s accounts occurred during March. Before activating panic about wallet breaches the attackers performed a kaito token shorting strategy. The hijackers took control of the Pump.fun account on February 26 in order to advertise fraudulent tokens named PUMP. 

Any users seeking information should avoid clicking links shared by this account because the breach occurred similarly to other incidents affecting DogWifCoin and Jupiter DAO as tracked by on-chain analyst ZachXBT. Even non-crypto figures have been affected. On April 15, UK Member of Parliament Lucy Powell’s account was hacked to promote a scam token called House of Commons Coin, raising further concerns about growing cyber threats.

The post OKX Rejects Justin Sun’s Freeze Request Following TRON DAO Hack first appeared on Coinfea.

In its announcement, the company said it will offer merchants the choice to accept stablecoin payments. To make that possible, Mastercard will partner with payments processor Nuvei and the coin issuers Circle and Paxos.

The move comes after United States lawmakers introduced the Guiding and Establishing National Innovation for U.S. Stablecoins Act, or GENIUS Act. The bipartisan bill passed a Senate committee in March, hoping to set ground rules for dollar-pegged crypto tokens. Standard Chartered Bank recently mentioned that the global stablecoin market could rise to $2 trillion within three years once the legislation takes effect.

“With increasing global regulatory clarity, stablecoins are evolving from crypto trading tools to essential solutions that bring efficiency and programmability to payments, disbursements, and remittances,” MasterCard said in its press release.

MasterCard to team up with OKX to launch new card

Aside from the settlement option, Mastercard also announced its plan to issue a new card in partnership with the crypto exchange OKX. The card company already works with MetaMask, Kraken, Gemini, Bybit, Crypto.com, Binance, Monavate, and Bleap.

The OKX Card, designed by Mastercard, will allow customers directly access their crypto balances. OKX said connecting its trading platform and Web3 tools to Mastercard’s network should make it easier to use stablecoins for everyday shopping. The firm has revealed plans to enable stablecoin spending using traditional cards at more than 150 million merchant locations.

In the same vein, settlement is expanding through Nuvei and Circle. Merchants will be able to receive proceeds in Circle’s USD Coin, regardless of which payment method shoppers choose at checkout. A similar path is being prepared for tokens issued by Paxos.

To increase the ease of cross-border transfers, Mastercard has rolled out Crypto Credential. Users on partner exchanges such as Wirex, Bit2Me, Lirium, Notabene, Coins.ph, and Mercado Bitcoin can send or receive digital money with simple usernames. The firm also introduced the Multi-Token Network, or MTN, that ties ordinary deposit accounts to tokenized assets. Partners, including Ondo Finance, plus banks such as JPMorgan and Standard Chartered, are connected to MTN to test stablecoin and other digital assets.

The post MasterCard set to allow merchants receive payments in stablecoins first appeared on Coinfea.

A lawsuit filed in the Southern District of New York alleges that Phantom’s wallet design had critical vulnerabilities, which resulted in the failure of the Wiener Doge project, which is based in Solana.

Phantom wallet blamed for security lapses

The lawsuit claims that Phantom’s browser extension contained exploitable flaws. According to the claimant’s attorney, Liam Murphy, these security gaps allowed hackers to access and drain his cryptocurrency holdings. The compromised wallet stored decrypted private keys in the browser’s memory, exposing users to cyber attacks and bypassing secure practices such as two-factor authentication.

The stolen assets led to a sharp decline in the value of Wiener Doge. Once priced at $3.1, the token fell below $0.01 after the attack. The plaintiff stated that Phantom’s internal Swapper feature was used to convert the Wiener Doge tokens into Solana (SOL), directly contributing to the project’s collapse.

OKX accused of enabling unauthorized transactions

The legal complaint extends to OKX, which is accused of assisting in the unauthorized liquidation of Murphy’s funds. The filing states that OKX’s platform allowed the attacker to move assets from Phantom wallets using integrated tools. The plaintiffs argue that OKX should have known that Phantom’s Swapper acted as an unregistered intermediary under Commodity Futures Trading Commission standards.

The lawsuit also claims that OKX’s routing and pricing mechanisms facilitated the conversion of the stolen tokens into SOL. The plaintiffs believe that without OKX’s infrastructure, the attacker would not have been able to complete the transactions.

Security concerns and prior allegations raised

The lawsuit highlights that Phantom knew about security risks associated with storing keys in browser caches. The plaintiffs say the company failed to act despite knowing that new users were frequent targets of malware and phishing attacks.

Security researchers have also criticized Phantom’s response to vulnerability reports. A researcher known as Cloakd claimed he received no response for over four weeks after reporting a critical issue. Andy, a developer from Taptrade, supported the claim and said Phantom did not respond to multiple vulnerability submissions.

The complaint further references OKX’s earlier legal issues, including a guilty plea in a federal case involving $5 billion in money laundering, to demonstrate an alleged pattern of non-compliance.

The post Phantom and OKX Face Legal Action Over $500K Crypto Theft and Wiener Doge Collapse first appeared on Coinfea.