Crypto journalist of OKX laundering investigation: 'They're cracking down'

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Crypto journalist of OKX laundering investigation: 'They're cracking down'

Web3/Crypto

Thutski, Crypto Journalist | Instagram

By Crypto Republique

Mar 11, 2025

An X user named Thutski, an independent crypto journalist, said that European regulators are intensifying their investigations into OKX's Web3 service following allegations that hackers laundered $100 million in stolen cryptocurrency through the platform. This statement was made on X on March 11.

"they're cracking down," said .

According to Bloomberg, European regulators are scrutinizing OKX’s Web3 platform after hackers allegedly used it to launder $100 million in stolen cryptocurrency from Bybit. The investigation is part of broader European Union enforcement under the Markets in Crypto-Assets (MiCA) regulations and may result in penalties for OKX.

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Bloomberg also reports that North Korean hackers have increasingly targeted cryptocurrency exchanges, with illicit proceeds exceeding $1.5 billion from Bybit alone. These funds are often laundered through decentralized platforms and cross-chain bridges to avoid detection.

Thutski is recognized as an independent journalist who covers significant developments within the cryptocurrency industry. His reporting focuses on regulatory actions, exchange security, and blockchain transparency. He is widely followed for his analysis of market trends and compliance issues.

According to Axios, OKX was founded in 2017 and is based in the Seychelles. It is one of the world’s largest cryptocurrency exchanges but has faced regulatory scrutiny in multiple jurisdictions. Recently, it paid over $500 million in penalties for unlicensed transactions in the United States.

Organizations Included in this History

Bybit

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Crypto journalist of OKX laundering investigation: 'They're cracking down'

CRYPTO NEWS AROUND THE GLOBE

Trump’s crypto summit ‘not going to have anything on taxes’ — White House official

Bitcoin: USA could sell gold to finance its strategic BTC reserve

Lawmaker of Japanese LDP on crypto regulation: We will classify 'Crypto assets as a new asset class'

Tom Lee Predicts Market Bottom This Week, Still Sees Bitcoin Closing the Year at $150K

IMF deal to ban public sector ‘Bitcoin accumulation’ in El Salvador

Bitcoin: Michael Saylor's company pauses BTC purchases

Head of law enforcement training at Binance: We need 'a unified approach between law enforcement and industry leaders'

Bitcoin Sell-Off Could Be a Textbook 'Breakout and Retest' Play: Godbole

CEO of Binance on crypto market turbulence: 'A tactical retreat, not a reversal'

Bybit hack forensics show SafeWallet compromise led to stolen funds

Bitcoin News: U.S. Spot Bitcoin ETFs See Record Single-Day Outflow of Over $900M as Carry Trades Yield Less Than the 10-Year Treasury Note

How DeFAI can scale safely in the age of AI

CZ unveils crypto investment portfolio with a 98.5% allocation to BNB, 1.3% to BTC

New SEC Cyber Unit Closes Chapter on Agency's Crypto Enforcement Emphasis

SEC Launches Fraud Unit That Exploits Crypto, AI Enthusiasm

CZ on aid for Argentinian rug pull victims: 'Sent 150 BNB. Good luck'

CEO of AUSTRAC on non-AML compliant crypto exchanges: They 'can expect to hear from us'

Memecoin LIBRA in Argentina: A look back at a future state scandal? Crypto Dossier

U.S.-Listed Bitcoin Miners Are Growing Their Share of the Network Hashrate: Bernstein

Governor of Bank of Italy: Crypto 'regulatory divergences between the U.S. and Europe will need to be carefully assessed'

Blockchain Wars: BNB Chain Overtakes Solana and Ethereum in Daily Fees

Former prosecutor of DOJ: The corporate monitorship system is 'in dire need of reform'

CEO of Crypto Council for Innovation: 'SEC initiated more than 125 enforcement actions' but issued 'no clear guidance or rulemakings'

District Judge on Coinbase lawsuit: Coinbase 'sells digital assets qualifying as "securities" without registering with' SEC

Bitcoin: Michael Saylor and Strategy add 7,633 BTC to their treasury

USDC hits $56.3B market cap, regains losses from bear market

U.K. Man Wants to Buy Landfill Site in Search for Lost $784M of Bitcoin: Report

European Central Bank (ECB) hopes Trump's pro-crypto policy will accelerate digital euro

Chairman of Czech Cryptocurrency Association on new crypto laws: ‘Key part of the future of the Czech economy’

U.S. Regulator Pursuing Tokenization Pilot to Tap Stablecoins as Collateral

Organizations Included in this History

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