Quantcast

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

CRYPTO NEWS AROUND THE GLOBE
WazirX Hacker Starts to Move Stolen Ether Using Tornado Cash
Russia Is About to Try Using Crypto to Get Around Sanctions
Bitcoin as legal tender? Mixed results for Nayib Bukele, the president of El Salvador
France’s Telegram blunder means Europe will hunt for Satoshi next
Bitcoin Slips Back to $58K in Continued Desultory Action, but Next Week Could Offer Upside Excitement
Sony lance officiellement le testnet public de Soneium, son propre layer 2 basé sur Ethereum
France Charges Telegram's Pavel Durov, Sets Bail at €5 Million – Bitcoin News
Bitcoin Mining Is So Rough a Miner Adopted Michael Saylor's Successful BTC Strategy
From Richard Teng, Binance CEO: Tigran’s Deteriorating Condition After 6 Months of Unjust Detention
UK’s crypto dreams stall as registrations with financial regulator remain low
Concerns grow over Binance executive’s health during detention in Nigeria
Vitalik attacks DeFi and millions come out of’Ethereum
Telegram CEO's arrest tied to cybercrime investigation of unauthorized 'cryptology' services, say French authorities
‘My Living Nightmare’: Detained Binance Exec’s Wife Begs for His Immediate Release
Bitcoin, Binance, Ethereum, Solana, and Ripple: The Biggest Crypto News of the Past Week
Crypto: Ethereum ETFs are experiencing a record series of outflows!
Salvador: 80,000 civil servants trained in Bitcoin – A visionary initiative or a risky bet ?
The Fed is ready to cut interest rates — what that means for crypto
Binance Launches Mobile Money Feature for Crypto Transactions in Africa – Exchanges Bitcoin News
New Binance CEO Sees No Need for IPO as He Plots 100-Year Strategy for Crypto Exchange
Dubai: An employee paid in cryptocurrency – Everything you need to know about this first history in the UAE
Wrapped Bitcoin rivals eye $9bn market share after ownership drama
The Digital Chamber: Nigerian government's excessive fines could have 'a chilling effect on foreign direct investment'
TON Leads Crypto Majors as BTC, ETH Remain Flat
German Interior Ministry Predicts Bitcoin at $100,000 in 2024, Recommends Use of Hardware Wallet
Why economists say the CFTC is wrong about prediction markets
Cardano drops out of the top 10 cryptocurrencies by market cap ranking
Bitcoin Tumbles Back Under $58K as Crypto Quickly Crumbles Thursday Afternoon
Bchain Africa CEO on detention of Binance employee: 'Are we running a military system in Nigeria under the guise of democracy?'
Binance exec in Nigerian prison is ‘almost bedridden’
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

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

Binance to update collateral ratios for several assets under Cross Margin

Binance has announced an update to the collateral ratios for several assets under its Cross Margin platform, set to occur between July 25 and August 1.

Jul 18, 2025

Binance founder on Sen. Warren comments: 'NYSE ≠ economy'

Changpeng "CZ" Zhao, founder of Binance, said that the New York Stock Exchange (NYSE) should not be equated with the entire U.S. economy.

Jul 18, 2025

Co-founder of Ethereum on L2 development: A 'combination of trust minimization and efficiency'

Vitalik Buterin, co-founder of Ethereum, said that building layer-2 networks to leverage Ethereum’s core features delivers security and efficiency unachievable by earlier enterprise blockchains.

Jul 18, 2025

European Crypto Initiative co-founder: MEV counter-measures should consider 'DeFI users and crypto-assets market integrity'

Marina Markezic, co-founder of the European Crypto Initiative, said that increased regulatory attention on Maximal Extractable Value (MEV) necessitates counter-measures to protect users and maintain market integrity while ensuring blockchain...

Jul 16, 2025

Founder of Binance on Bloomberg coverage: 'Might have to sue them again for defamation'

Changpeng Zhao, founder of Binance, has said that a Bloomberg article contained multiple factual errors and suggested that legal action for defamation could be considered again.

Jul 16, 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%