Quantcast

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

CRYPTO NEWS AROUND THE GLOBE
Blockchain Wars: BNB Chain Overtakes Solana and Ethereum in Daily Fees
District Judge on Coinbase lawsuit: Coinbase 'sells digital assets qualifying as "securities" without registering with' SEC
Bitcoin: Michael Saylor and Strategy add 7,633 BTC to their treasury
USDC hits $56.3B market cap, regains losses from bear market
U.K. Man Wants to Buy Landfill Site in Search for Lost $784M of Bitcoin: Report
European Central Bank (ECB) hopes Trump's pro-crypto policy will accelerate digital euro
Chairman of Czech Cryptocurrency Association on new crypto laws: ‘Key part of the future of the Czech economy’
U.S. Regulator Pursuing Tokenization Pilot to Tap Stablecoins as Collateral
French crypto entrepreneur on Binance France investigation: 'timing is perfect' to 'secure full cooperation' with crypto tax
Alchemy Pay acquires Korea Electronic Financial Business registration
Bitcoin: El Salvador continues to accumulate BTC
Blackrock Plans to Launch a Bitcoin ETP in Europe: Bloomberg
French crypto entrepreneur on Binance France investigation: 'two days after the Senate vote on unrealized capital gains'
Bitcoin retail sellers send $625M to Binance before 'first cycle top'
Crypto entrepreneur on France's Bitcoin tax: France is 'going down'
ECB cuts rates, does not expect strategic Bitcoin reserves in EU
YZi Labs (formerly Binance Labs) brings $16 million to Sign’s airdrop distribution services
CIF: Congress must act on permanent safeguards against debanking, Chokepoint 2.0
US Crypto Reserve – Bitcoin or XRP: BRICS Has the Power to Affect the US
Tether disappointed with ‘rushed actions’ on MiCA-driven USDT delisting in Europe
Binance Labs rebrands to YZi Labs with new leadership and investment focus
Crypto influencer: Bitcoin's 'design ensures that no single person or entity can control it'
Bitcoin: Crypto market catches its breath after DeepSeek shock
Bitcoin 'extremely bullish' as traders gear up for next BTC price pump
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'
US: SEC launches crypto task force led by Hester Peirce
ECB member doubles down on digital euro after Trump’s crypto EO: Report
Binance authorized by Uzbek regulator to provide services
Coinbase CEO on transaction delays: 'We were not anticipating this level of surge'
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

CNMV issues warnings on unregistered financial and crypto entities

The Comisión Nacional del Mercado de Valores (CNMV) has announced the issuance of warnings concerning unregistered financial and cryptocurrency entities operating without proper registration.

Apr 13, 2025

BaFin announces warning on unauthorized crpto services by tradesvisions.co

The Federal Financial Supervisory Authority (BaFin) has issued a warning regarding the website tradesvisions.co, which is offering financial, investment, and crypto asset services without the necessary authorization.

Apr 12, 2025

Crypto Price Shifts for April 6, 2025

Today’s crypto overview: Price action across Bitcoin, Ethereum, Binance Coin, and more on April 6, 2025.

Apr 7, 2025

FIN-FSA announces full application of MiCA regulation

Finland’s Financial Supervisory Authority (FIN-FSA) has announced its review of topical supervisory themes, including the full application of the European Union Regulation on Markets in Crypto-Assets (MiCA), which regulates crypto-asset services.

Apr 7, 2025

CNMV issues warnings on unregistered financial and crypto entities

The Comisión Nacional del Mercado de Valores (CNMV) has issued warnings regarding unregistered financial and cryptocurrency entities operating without proper registration.

Apr 7, 2025

Consob announces black-out of 7 websites for unauthorized financial services

The Commissione Nazionale per le Società e la Borsa (Consob) has announced the black-out of seven new websites involved in the unauthorized offering of financial services or crypto-activities under the Markets in Crypto-Assets Regulation (MiCAR).

Apr 7, 2025

Crypto Comments
Loading...

No comments available.

Trending
1

CZ on donation plan for $Libra rug pull victims: 'I will donate 150BNB'