Quantcast

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

For Millennials, Bitcoin Is the New Real Estate
Crypto.com sues SEC amid agency threats over Solana, Binance, Cardano tokens
Former Bitcoin developer points out missing detail undermining HBO's claim that Peter Todd is Satoshi
AI startups draw record $11.8B funding in Q3
Former Bitcoin Dev Peter Todd Denies He's Satoshi Hours Before HBO Documentary Airs
OpenAI, the creator of ChatGPT, will open an office in Paris this year
Crypto Custody Firm Copper’s CEO Dmitry Tokarev Plans to Step Down
HBO announces that the identity of Satoshi Nakamoto will be revealed in its next documentary dedicated to the creator of Bitcoin
JPMorgan analysts identify key catalysts shaping crypto's near-term outlook
The season from the same corners is back: POPCAT, MOG and NEIRO are leading the way
Congressman on constituent imprisoned in Nigeria: 'I don't know if they don't have the ability to treat him or they just don't wish to'
Columbia Business Professor: 'we will be reaching the point where transacting on blockchains is absolute poison for criminals'
SEC files appeal in Ripple lawsuit
Is Visa Preparing a Crypto Revolution for Banks with VTAP?
Binance announces full digital asset license in Kazakhstan
Crypto Payments Firm BCB Group Was the Subject of an FCA Investigation: Sources
Can the third world war break the Bitcoin cycle and prevent the next bull run?
SEC appeals Ripple case ruling, citing conflict with Supreme Court precedent
Bitcoin Crumbles to $60K, Giving Up Most Post-Fed Rate Cut Gains
Three OpenSea execs quit in last three months as troubles mount for NFT marketplace
UK regulators open sandbox to unlock a $14tn tokenisation bonanza
Bitcoin Tumbles Back Below $64K as Surprise Japan Prime Minister Choice Triggers 5% Plunge in Nikkei
Changpeng Zhao on his plans: “Binance seems to be doing well without me at the wheel, which is great”
QCP Capital forecasts continued risk-on sentiment for bitcoin after strong September
Bitcoin Prices Show Positive 30-Day Correlation With China's Central Bank Balance Sheet
Base: the Coinbase Layer-2 passes the 2 billion TVL mark
Binance announces collaboration to combat scam operation in Indonesia
Tornado Cash case: Developer Roman Storm faces 45 years in prison
US ambassador to the United Nations presses Nigeria to release jailed Binance exec
Retail Accumulation and Exchange Outflows Drive Market Optimism for Bitcoin
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
More News

Here’s how Bitcoin, Ethereum, Binance Coin, and other key cryptocurrencies performed on March 14, 2025.

Mar 15, 2025

Slava Demchuk, CEO of AMLBot, said that the implementation of the Markets in Crypto-Assets Regulation (MiCA) will compel 75% of virtual asset service providers (VASPs) in the European Union to halt operations due to compliance challenges.

Mar 14, 2025

Today’s crypto overview: Price action across Bitcoin, Ethereum, Binance Coin, and more on March 13, 2025.

Mar 14, 2025

Bitcoin, Ethereum, Binance Coin & more: Today's crypto overview — March 12, 2025

Mar 13, 2025

OKX has announced that it has secured full Markets in Crypto-Assets (MiCA) approval amid an ongoing European regulatory investigation into its Web3 platform.

Mar 13, 2025

From Bitcoin to Solana: Here’s how major cryptocurrencies moved today – March 11, 2025.

Mar 12, 2025