Quantcast

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

Traders See Even More Bitcoin Buying Pressure as BTC Sets New Record at $103K
Key Indicators to Watch During the Bull Run to Spot the Peak
Vote of No Confidence in France: The Fall of the Government and Its Implications for Cryptocurrencies
Japan's FSA issues warnings against unregistered crypto exchanges
Trump nominates Paul Atkins to replace Gensler as SEC chair
Crypto community reacts to SEC chair Gensler's resignation
Binance survey finds crypto users prioritize earning extra income, achieving financial security
XRP returns to 3rd-largest crypto after 4-year battle with SEC
BRICS vs USA: Donald Trump warns countries that want to free themselves from the US dollar
Crypto Regulation on the Rise in Russia
Bitcoin (BTC) Dominance Tumbles as Altcoins Rumble: Crypto Daybook Americas
Bitcoin price ‘thrives in conflict’ as regional wars escalate
USA vs Europe: Are EU Banks More Open to Regulated Crypto Businesses?
Crypto Archives – When Morocco Banned Cryptocurrencies from the Country
Bitcoin Price Makes Another Run at $100K as U.S. Traders Return After Thanksgiving
Crypto boss eats banana art he bought for $6.2 million
BTC Returns to Near $94K
Crypto in USA : Ripple gives 25 million $ to Fairshake to prepare for the 2026 elections
US dollar weakness, growing money supply could fuel Bitcoin 2025 rally
Binance partners with Bitcoin MENA 2024 as Moon sponsor
Crypto aid mortgage access for low-income households says Treasury report
Bitcoin ETFs hit new record with over $3.1B in weekly inflows
What is Bitcoin waiting for to break through $100,000? BTC's hesitation pushes traders towards this new project
Binance marks one year of leadership under new CEO
Bitcoin: Treat yourself to a volcano in El Salvador to mine BTC!
Bitcoin (BTC) Stake at MicroStrategy (MSTR) Grows to 386.7K After Latest Purchase
UK’s stringent crypto regulations spark debate as exchanges struggle to gain FCA approval
Polymarket Blocks French Traders Amid Gambling Inquiry
Gary Gensler announces his resignation for the inauguration of Donald Trump
FTX co-founder Gary Wang sentenced to time served
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

The Austrian Financial Market Authority (FMA) has announced a new edition of its consumer publication series, "Let’s Talk About Money," titled "Crypto, why s(ec)urely!"

Mar 17, 2025

The Commissione Nazionale per le Società e la Borsa (Consob) has announced a joint communication with the Bank of Italy regarding guidelines for accounting, market transparency, and auditing of crypto-assets in financial statements.

Mar 17, 2025

Tracking today’s crypto price changes across Binance Coin, Bitcoin, Ethereum, and other key cryptocurrencies on March 15, 2025.

Mar 16, 2025

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