European watchdogs investigating OKX’s Web3 service over Bybit heist

European regulators are investigating Crypto Exchange OKX after the pirates used it to whiten the product of almost $ 1.5 billion with Bybit.

Cryptocurrency exchange Okx is the subject of a survey by European regulators after the pirates used its platform to whiten the product of $ 1.46 billion Go throughBloomberg A learnedCiting sources familiar with the question.

The survey, led by national surveillance dogs of the 27 European Union member states, was discussed at a meeting of the Standing Digital Finance Committee of the Digital Authority for the European Authority and Markets on March 6, according to sources.

The emphasis is on OKX’s web3 service, which is a decentralized financing platform and an auto-us portfolio. It is alleged that North Korea-The sustained hackers bleached around $ 100 million thanks to the service. European regulators are now studying whether the OKX web3 platform is new regulations on the Crypto-Aset markets, which entered into force at the end of 2024.

While OKX claims that its web 3 platform is decentralized, the regulators of Austria and Croatia maintain that it should be governed by the Mica because of its integration with OKX, the report said.

Okx risk of losing mica authorization

In a statement to Bloomberg, a spokesperson for OKX denied any reprehensible act, claiming that the allegations of OKX’s involvement in funding for funds “are inaccurate and absurd”.

At the end of February, North Korean pirates targeted Bybit, one of the largest cryptocurrency exchanges, flying about $ 1.46 billion in crypto in a very sophisticated burglary. The attack would have been carried out by compromise The computer’s computer at Safe, the Bybit technology provider. Less than two weeks after the violation, the CEO of Ben Ben Zhou declared that around 20% of stolen funds became not found, due to the use of pirate mixing services.

The current stage of the survey remains clear, but it could lead to regulatory actions, in particular the potential revocation of the OKX mica authorization in Europe, reports Bloomberg. Under article 64 of the Mica, regulators can withdraw a license if the entity does not implement effective systems to prevent money laundering or violates other important regulations.