Ah, the European Union regulators, those diligent watchdogs, are now casting their scrutinizing gaze upon the crypto exchange OKX. It seems they suspect this digital marketplace might have played a rather dubious role in the laundering of a staggering $100 million, all thanks to the Bybit hack. How delightful! 🍷
According to a report from Bloomberg, which is as reliable as a clock that runs backward, the national watchdogs from the EU gathered on March 6 to discuss this pressing matter. One can only imagine the seriousness of their discussions, perhaps over a cup of lukewarm coffee. The focus? OKX’s decentralized finance platform and its wallet service, of course! What a tangled web we weave! 🕸️
On January 27, OKX proudly announced that it had secured a full Markets in Crypto-Assets (MiCA) license. A license! How very official! But now, the regulators are left pondering whether two of OKX’s services fall under this MiCA framework. Will they be penalized? Oh, the suspense is palpable! 🎭
Bybit’s CEO, Ben Zhou, claims that nearly $100 million—or 40,233 Ether (ETH)—from the $1.5 billion hack has been laundered through OKX’s Web3 proxy. A portion of these funds, it seems, has vanished into thin air. Poof! Just like my hopes of winning the lottery! 🎩✨
OKX’s wallet service has reached an impressive 53 million addresses and connects to 100 blockchains. Quite the achievement! But, as the Bloomberg report suggests, regulators from Austria and Croatia are adamant that OKX’s Web3 service should indeed fall under EU rules. Because who doesn’t love a good regulatory debate? 🤔
OKX denies EU investigation
In a statement posted to X, OKX vehemently denied any ongoing investigations by the EU, claiming that “Bybit’s statements are spreading misinformation.” Oh, the irony! They are defending their Web3 wallet services as if they were the last bastion of truth in a world gone mad. 🛡️
Haider Rafique, OKX Global’s chief marketing officer, chimed in with his own thoughts: “We spoke to Bloomberg today and provided our statement refuting some of the alleged claims. It is preposterous to suggest that WE as a company would be involved in laundering stolen funds.” Oh, the audacity! How could anyone think such a thing? 😏
The theft of $1.5 billion in ETH and ETH-related tokens from Bybit is, without a doubt, the largest crypto hack to date. Investigators have pointed fingers at the Lazarus Group, a North Korean hacking ring. According to Zhou, who has declared war on this group, 3% of the stolen funds have been frozen, while 20% have simply gone dark. A mystery worthy of a novel! 📚
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2025-03-11 23:06