Quantcast

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

CRYPTO NEWS AROUND THE GLOBE
EU crypto AML authority to establish HQ in Frankfurt
Government Leaders and Industry Titans Set to Discuss MICA Law at Crypto Expo Europe 2024 | CoinCodex
The European Central Bank (ECB) is attacking Bitcoin again – What are its arguments?
The EU Inches Closer to the Digital Euro — Will Stablecoins and Crypto Take a Back Seat?
CME Group to Launch Micro Euro-denominated Bitcoin and Ether Futures on March 18
FTX affair: are SBF’s lawyers complicit?
Bruno Le Maire announces a new savings plan of 10 billion euros – Who will be affected by the cuts?
Bitcoin spot ETF inflows increase amid net outflows for gold-backed funds
CRYPTO MONEY LAUNDERING COLLAPSED BY 30% IN 2023 (CHAINALYSIS)
Can Bitcoin become legal tender in Europe? One German MP thinks so
Binance Leveraged Tokens: End Clap For Leveraged Tokens On Binance
9dcc Unveils Revolutionary NFC-Integrated Luxury Fashion Line at NFT Paris and Paris Fashion Week
How European regulators are jockeying to attract crypto ventures before MiCA goes live
How to protect yourself from crypto scams? Exclusive interview with the Global Head of Binance Investigations
Crypto exchange Coinbase finally returns to profitability
The total capitalization of cryptocurrencies now exceeds $2,000 billion
Telefónica teams up with Chainlink to fight crypto hacks
France: D-14 for Blockevent, the crypto and AI conference that focuses on innovation experts
Fidelity Cuts Fee on European Bitcoin ETFs
Isle of Man contemplates including crypto under ‘investment’ definition
Europe’s Progressive Crypto Regulations and Algotech’s Trading Platform: A Perspective
Will Europe ban Bitcoin mining?
How to mine without hardware in 2024?
Bitcoin integrates the top 10 of the largest global assets by 2024
Cryptocurrencies: Bitget’s Growth Breaks New Record
Entries on crypto products exceed $1 billion again - Coins.fr
Bitcoin price tops $50,000 after spot ETF launches spur demand
Can Torrevieja become Europe’s first crypto-friendly city?
Super Bowl: cryptocurrencies will be absent from advertisements once again – Kraken gives its opinion
Binance Remains the Undisputed Leader in the Crypto Sector
All Crypto News Around The Globe
Crypto journalist on OKX laundering investigation: 'They're cracking down'
Web3/Crypto
Webp 20250311t182406 123
Thutski, Crypto Journalist | Instagram

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 Thutski.

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.

Get the Newsletter
Sign-up to receive weekly round up of news from Crypto Republique
By submitting, you agree to our Privacy Policy and Terms of Service. By providing your phone number you are opting in and consenting to receive recurring SMS/MMS messages, including automated texts, to that number from our short code. Msg & data rates may apply. Reply HELP for help, STOP to end. SMS opt-in will not be sold, rented, or shared.

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
More News

ASIC warns investors about Bitget’s unlicensed crypto futures in Australia

The Australian Securities and Investments Commission (ASIC) has issued a warning to investors regarding unlicensed crypto asset futures products offered by Bitget, as said in a public announcement.

Jul 29, 2025

Binance expands off-exchange collateral services to include tokenized real-world assets

Binance has announced an expansion of its institutional off-exchange settlement services, introducing support for two tokenized real-world assets, USYC and cUSDO, which can now be pledged as collateral.

Jul 28, 2025

Co-founder of Ethereum: 'Almost exactly 50% of stake is voting to increase the L1 gas limit'

Vitalik Buterin, co-founder of Ethereum, has said that approximately half of the network's stake supports an increase in the Ethereum Layer 1 (L1) gas limit.

Jul 28, 2025

Executive Chairman of Strategy on bitcoin holdings: 'Strategy has acquired 6,220 BTC for ~$739.8 million'

Michael Saylor, executive chairman of Strategy, formerly known as MicroStrategy, announced on X that the company’s bitcoin holdings increased by 6,220 BTC, resulting in a year-to-date yield of 20.8 percent for 2025.

Jul 28, 2025

Binance founder on rising altcoin interest: ‘Not sure how accurate it is, but it is ticking up'

Changpeng Zhao, founder of Binance, indicated that interest in altcoins might be on the rise as CoinMarketCap's Alt Season Index shows an upward trend.

Jul 28, 2025

Chief market strategist of Creative Planning: 'Gold and Bitcoin are now the top-performing major assets so far in 2025'

Charlie Bilello, chief market strategist of Creative Planning, said that gold and bitcoin lead all major asset classes in performance for 2025, marking a unique occurrence.

Jul 18, 2025

Crypto Comments
Loading...

No comments available.

Trending
1

Executive Chairman of Strategy: Public firms added ~131K BTC in Q2, boosting their bitcoin holdings by 18%