Investigation of OKX by European Regulators
European regulators are investigating OKX after hackers utilized its Web3 platform to launder roughly $100 million in stolen cryptocurrency from the ByBit hack.
Authorities are evaluating whether OKX is subject to the Markets in Cryptoassets (MiCA) regulations and if penalties should be enforced. This scrutiny arises from an ongoing dialogue among national watchdogs regarding the regulation of crypto exchanges within the new EU framework.
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