Quantcast

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

CRYPTO NEWS AROUND THE GLOBE
The New SEC Chairman Is Pro-Crypto and Here's Why That Changes Everything
EUCI co-founder: 'A decentralised product will have different legal consequences in different markets'
Binance authorized by Uzbek regulator to provide services
Coinbase CEO on transaction delays: 'We were not anticipating this level of surge'
SEC launches crypto task force led by Hester Peirce
World Liberty Financial: Trump's DeFi project breaks records
Trump inauguration live: Latest crypto market updates, analysis, reactions
Shaping skylines: Developers eye crypto buildings in Dubai, Tokyo
Cryptocurrencies and finance: BlackRock and Hamilton Lane dive into DeFi with Plume
EU’s new ‘DORA’ rules come into effect: What does it mean for crypto?
Judge Bibas on SEC enforcement: SEC repeatedly sues crypto companies, ‘yet it will not tell them how to comply’
Bitcoin in the USA: Senator Lummis is already putting pressure on the former administration
Trump plans to make crypto a national priority
AMF and ACPR announce updated list of unauthorized investment websites
BaFin announces warning on unauthorized services by SNB Capital Limited
Polymarket Threatened With Ban By Thailand Cyber ​​Police
Bitget User on 25% asset loss and account freezing: The 'admin just remove my comment'
Malaysia mulls crypto policy after talks with UAE and Binance founder CZ
Electric Capital co-founder calls regulatory actions 'Chokepoint 2.0'
Bitcoin: Pro-Crypto Cynthia Lummis Heads New Senate Subcommittee
Trump's Future Treasury Secretary Holds $500,000 in Bitcoin ETFs
Bitcoin Difficulty Hits All-Time High, Adjusts Positively for 8th Consecutive Time
Bybit halts India service following string of suspensions in other markets
Hong Kong launches 'supervision incubator' to help banks adopt blockchains
MEP Berger: 'The FDP needs Bitcoin'
Sen. Lummis on Ex-Vice Chair of Federal Reserve: He was 'enabling Chokepoint 2.0'
3 Russians Face U.S. Money Laundering Charges Over Mixing Services: DOJ
US Senate: Pro-Bitcoin leader heads crypto subcommittee
Gemini Agrees to Pay $5M Settlement in CFTC Case
Bhutan economic hub to set up strategic crypto reserve
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

FCA issues warning about TRADESUP LIMITED for unauthorized services

The Financial Conduct Authority (FCA) has issued a warning regarding TRADESUP LIMITED, a firm allegedly offering financial and cryptocurrency services without proper authorization in the United Kingdom.

May 9, 2025

AMF warns of unauthorized crypto-asset websites in France

The Autorité des Marchés Financiers (AMF) has released a list of websites allegedly offering unauthorized crypto-asset services in France.

May 9, 2025

BaFin warns of suspected unauthorized crypto services by Euro Pro Markets

The German Federal Financial Supervisory Authority (BaFin) has issued a warning to consumers about Euro Pro Markets and its website europromarkets.net.

May 9, 2025

FCA warns about unauthorized crypto services from Walton Assets

The Financial Conduct Authority (FCA) has issued a warning regarding Walton Assets, a firm offering financial and crypto-related services without proper authorization.

May 8, 2025

BaFin orders Ethena GmbH to halt unauthorized USDe token operations

The German Federal Financial Supervisory Authority (BaFin) has ordered Ethena GmbH to cease operations involving its USDe crypto token, citing serious deficiencies found during the approval process.

May 5, 2025

FCA issues warning on unauthorized services by Coinvestbase

The Financial Conduct Authority (FCA) has issued a warning regarding Coinvestbase, a firm suspected of offering or promoting financial services in the United Kingdom without proper authorization.

May 5, 2025

Crypto Comments
Loading...

No comments available.

Trending
1

BaFin orders Ethena GmbH to halt unauthorized USDe token operations